TELUS (TSE:T) Cut to Hold at Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of TELUS (TSE:T) (NYSE:TU) from a buy rating to a hold rating in a report issued on Thursday, Marketbeat.com reports. The firm currently has C$17.50 price objective on the stock, down from their previous price objective of C$21.00.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley decreased their price target on TELUS from C$25.00 to C$20.00 in a report on Wednesday, December 10th. ATB Cormark Capital Markets decreased their price target on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Friday, February 13th. TD Securities downgraded TELUS from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$21.00 to C$19.00 in a report on Thursday, April 2nd. Scotiabank decreased their price target on TELUS from C$22.50 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, January 20th. Finally, National Bank Financial cut their price objective on TELUS from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 30th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, TELUS presently has an average rating of “Hold” and an average target price of C$20.45.

TELUS Trading Up 0.9%

Shares of TELUS stock opened at C$16.41 on Thursday. The stock has a fifty day simple moving average of C$18.36 and a 200 day simple moving average of C$19.09. TELUS has a 12-month low of C$16.23 and a 12-month high of C$23.18. The company has a market capitalization of C$25.62 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.65 and a beta of 0.56. The company has a current ratio of 0.86, a quick ratio of 0.52 and a debt-to-equity ratio of 199.42.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.20 earnings per share (EPS) for the quarter. TELUS had a return on equity of 7.68% and a net margin of 5.47%.The business had revenue of C$5.23 billion during the quarter. On average, sell-side analysts anticipate that TELUS will post 1.2267985 earnings per share for the current fiscal year.

Trending Headlines about TELUS

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: Royal Bank of Canada kept an “outperform” rating despite trimming its price target from C$23.00 to C$22.00, implying continued upside from current levels and providing an institutional vote of confidence. RBC lowers PT but keeps outperform
• Positive Sentiment: Desjardins reiterated a Buy on TELUS, which supports demand for the shares versus peers and helps underpin the stock amid broader analyst churn. Desjardins remains a buy
• Neutral Sentiment: Aggregate analyst coverage shows an average “Hold” recommendation, indicating consensus caution and limited near-term analyst-driven upside. Analysts give TELUS average Hold
• Neutral Sentiment: Desjardins trimmed its price target to C$21.50 — a downgrade in upside but still above current trading, so it moderates expectations without flipping sentiment to outright negative. Desjardins lowers PT to C$21.50
• Negative Sentiment: Canaccord Genuity downgraded TELUS from “Buy” to “Hold” and cut its target to C$17.50, narrowing upside and signaling increased near‑term risk from a formerly bullish analyst. Canaccord downgrades to Hold, PT C$17.50
• Negative Sentiment: Analyst commentary collected by TipRanks highlights slower growth, mounting competitive pressure and dividend uncertainty — factors likely to keep a lid on the multiple investors are willing to pay. TipRanks: slower growth & dividend uncertainty
• Negative Sentiment: Quebecor is increasingly cited as a top competitive threat to Rogers, TELUS and Bell, raising execution and market‑share risk in key Canadian markets. Quebecor called top threat to incumbents
• Negative Sentiment: TELUS announced it shed roughly 2,800 Canadian jobs in 2025 as it pivots toward AI and international growth — a signal of cost-cutting but also of structural transition and domestic pressure on revenue/operations. TELUS job cuts 2,800

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.