ATB Cormark Capital Markets Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its target price decreased by equities researchers at ATB Cormark Capital Markets from C$20.00 to C$19.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 3.54% from the stock’s previous close.

Several other brokerages have also commented on T. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Canadian Imperial Bank of Commerce increased their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. TD Securities lowered their price objective on shares of TELUS from C$25.00 to C$21.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered shares of TELUS from a “neutral” rating to an “underweight” rating and reduced their target price for the company from C$22.00 to C$19.00 in a report on Tuesday, November 18th. Finally, Desjardins set a C$23.00 price target on shares of TELUS and gave the stock a “buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$21.38.

TELUS Price Performance

TELUS stock opened at C$18.35 on Friday. The stock has a market cap of C$28.46 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.65 and a beta of 0.79. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The business has a 50-day simple moving average of C$18.40 and a 200 day simple moving average of C$20.26. TELUS has a 52 week low of C$17.26 and a 52 week high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.20 EPS for the quarter. The business had revenue of C$5.23 billion during the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. On average, research analysts forecast that TELUS will post 1.2267985 earnings per share for the current fiscal year.

Insider Activity at TELUS

In related news, Director David Lawrence Mowat bought 3,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was purchased at an average cost of C$17.37 per share, with a total value of C$52,110.00. Following the transaction, the director owned 14,486 shares in the company, valued at approximately C$251,621.82. This trade represents a 26.12% increase in their position. Also, Director Hazel Cynthia Claxton bought 3,445 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were bought at an average cost of C$17.46 per share, for a total transaction of C$60,149.70. Following the purchase, the director directly owned 8,403 shares in the company, valued at approximately C$146,716.38. This represents a 69.48% increase in their position. In the last ninety days, insiders have acquired 258,245 shares of company stock worth $4,486,022. 0.02% of the stock is currently owned by insiders.

Key TELUS News

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: TELUS named former CIBC chief Victor Dodig as CEO, replacing long-time leader Darren Entwistle — markets may view Dodig’s track record and governance credentials as a potential catalyst for renewed strategic focus and dividend discipline. Article Title
• Positive Sentiment: TELUS announced a quarterly cash dividend (payable April 1, 2026), supporting income investors and the stock’s defensive yield story. Article Title
• Positive Sentiment: Strategic tech win — Photonic Inc. demonstrated quantum communications over TELUS’s network, highlighting R&D and potential future premium services. Article Title
• Neutral Sentiment: TELUS raised consumer pricing (latest $15 hike), making its plans more expensive than Rogers/Bell — could boost ARPU but risks churn and regulatory scrutiny. Article Title
• Neutral Sentiment: Corporate housekeeping — amalgamation with Telus International effective Jan 1 and an AGM/record date set; largely administrative but relevant for ownership and reporting. Article Title
• Negative Sentiment: Quarterly results disappointed on weakness in mobile equipment sales (C$0.20 EPS; margins compressed), a clear near-term headwind for revenue and profitability. Article Title
• Negative Sentiment: Analysts trimmed price targets — TD Securities lowered target to C$21 (still a buy) and Atb Cormark to C$19 — signaling reduced near-term upside expectations and contributing to selling pressure. Article Title
• Negative Sentiment: Regulatory/operational setbacks: a federally backed e-prescribing project built with Telus Health is being shut down after large public investment — a reputational and financial negative for health-tech initiatives. Article Title
• Negative Sentiment: Ongoing intense competition in high-speed internet (battle with Bell, Rogers) pressures pricing and subscriber growth prospects in key markets. Article Title

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.