TELUS Stock Rating Lowered by Cormark

On March 7, 2025, Cormark announced a downgrade for TELUS Corporation (TSE:T – Free Report) (NYSE:TU), altering its status from a moderate buy rating to a hold rating in a research report published for investors. In this report, Cormark also projected TELUS's earnings for the fiscal year 2025 at $0.99 per share (EPS) and for 2026 at $1.07 EPS.

Other financial analysts have recently provided insights into TELUS stock as well. For instance, JPMorgan Chase & Co. revised its price target for TELUS shares from C$23.00 down to C$22.00, establishing a “neutral” rating on the stock on January 2nd. On January 8th, CIBC lowered its price target from C$25.00 to C$24.00, while maintaining an “outperform” rating. Meanwhile, TD Securities raised its price objective from C$24.00 to C$25.00, giving TELUS a “buy” rating on February 14th. Conversely, Barclays reduced its price target from C$23.00 to C$20.00 on January 30th. Finally, National Bankshares also cut its price target from C$22.00 to C$21.00, maintaining a “sector perform” rating on January 3rd.

Currently, among analysts, six have rated TELUS stock with a hold rating while three have issued buy ratings. According to MarketBeat.com, TELUS holds an average rating of “Hold” and a consensus target price of C$23.00.

TELUS Stock Performance

On the day of the announcement, TELUS stock opened at C$22.36. The company's stock has a 50-day simple moving average of C$20.87 and a 200-day simple moving average of C$21.51. TELUS Corporation boasts a market capitalization of C$33.66 billion, a price-to-earnings (P/E) ratio of 36.28, and a price-to-earnings-growth (PEG) ratio of 1.65. The company has a debt-to-equity ratio of 183.41 and current and quick ratios of 0.69 and 0.52, respectively. Over the past year, TELUS has seen a low of C$19.10 and a high of C$23.97.

Insider Transactions

In related company news, Director Hazel Cynthia Claxton purchased 1,845 shares of TELUS stock on February 20th, paying an average of C$21.70 per share for a total transaction of C$40,036.50. Additionally, Director Marc Parent bought 19,100 shares on December 10th at an average price of C$22.04 per share, amounting to a total investment of C$420,964.00. Currently, insider ownership at TELUS is around 0.02% of the company’s stocks.

About TELUS Corporation

TELUS Corporation, along with its subsidiaries, provides a variety of telecommunications and technology services in Canada. The company operates through two main segments: Technology Solutions and Digitally-Led Customer Experiences. The Technology Solutions segment includes numerous telecommunication services, network capabilities, mobile technology equipment, healthcare services, data management, cloud computing, and more.

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