TELUS (NYSE:TU) Downgraded to Hold Rating by Cormark

TELUS (NYSE:TU) (TSE:T) was downgraded by Cormark from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. Cormark also issued estimates for TELUS’s FY2025 earnings at $0.69 EPS and FY2026 earnings at $0.75 EPS.

Other equities analysts also recently issued reports about the stock. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Morgan Stanley began coverage on shares of TELUS in a research report on Monday, December 16th. They issued an “equal weight” rating for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS has a consensus rating of “Hold” and an average target price of $26.00.

TELUS Stock Performance

Shares of TU stock traded up $0.09 during midday trading on Tuesday, hitting $15.48. 318,862 shares of the company were exchanged, compared to its average volume of 3,696,029. TELUS has a 52 week low of $13.24 and a 52 week high of $17.77. The firm has a market capitalization of $23.21 billion, a P/E ratio of 31.59, a PEG ratio of 5.18 and a beta of 0.75. The firm’s 50 day moving average price is $14.46 and its two-hundred day moving average price is $15.37. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same quarter last year, the company earned $0.10 earnings per share. As a group, equities research analysts anticipate that TELUS will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On TELUS

A number of large investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of TELUS by 38.5% during the 3rd quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider’s stock worth $7,839,000 after acquiring an additional 129,934 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in TELUS by 159.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 140,539 shares of the Wireless communications provider’s stock worth $2,360,000 after purchasing an additional 86,393 shares during the last quarter. FMR LLC boosted its holdings in shares of TELUS by 192.0% in the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock valued at $22,257,000 after purchasing an additional 872,235 shares in the last quarter. Entropy Technologies LP bought a new position in shares of TELUS in the 3rd quarter valued at $945,000. Finally, Nicola Wealth Management LTD. increased its stake in shares of TELUS by 35.7% in the 3rd quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider’s stock valued at $17,801,000 after purchasing an additional 279,000 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.