Scotiabank Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by Scotiabank from C$26.00 to C$22.50 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 21.49% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Desjardins decreased their target price on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday, October 9th. JPMorgan Chase & Co. downgraded shares of TELUS from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from C$22.00 to C$19.00 in a research report on Tuesday, November 18th. CIBC boosted their price target on shares of TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. Finally, Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$21.83.

TELUS Stock Down 1.0%

TSE T opened at C$18.52 on Monday. TELUS has a 12 month low of C$17.26 and a 12 month high of C$23.29. The company has a market capitalization of C$28.72 billion, a P/E ratio of 23.74, a PEG ratio of 1.65 and a beta of 0.85. The company’s 50 day simple moving average is C$18.57 and its 200 day simple moving average is C$20.80. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The company had revenue of C$5.07 billion for the quarter. Equities research analysts expect that TELUS will post 1.2267985 earnings per share for the current fiscal year.

TELUS News Summary

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: Desjardins raised its price target to C$23.00 and kept a “buy” rating, implying ~23% upside from current levels — a near‑term analyst endorsement that can support buying interest. Desjardins price target raise
• Positive Sentiment: Industry pricing moves: reporting that Bell will join Telus in targeted wireless price hikes signals telecom pricing power and potential revenue support if increases stick. That can help margins and top‑line outlook. Bell joins Telus with targeted wireless price hikes
• Neutral Sentiment: Telus is rolling a $25 5G plan aimed at Public Mobile users — a low‑price growth/retention tactic that could add subscribers but may compress ARPU if widely adopted. Investors will watch net adds and churn impact. Telus $25 5G plan
• Neutral Sentiment: TELUS expanded voluntary buyout offers as it shifts more customers to self‑serve channels — a structural cost‑efficiency move that could lower long‑run operating costs but may create near‑term severance charges and execution risk. TELUS expands voluntary buyout offers
• Neutral Sentiment: Speculation that WELL Health might pursue Telus Health is circulating — M&A chatter can lift hopes for strategic deals or break‑up value, but this remains speculative and not confirmed. Investors will watch for formal approaches or disclosures. Could WELL Health acquire Telus Health?
• Neutral Sentiment: Community/content activity: TELUS STORYHIVE Voices returns with grants to support creators — positive for brand and regional engagement but unlikely to move near‑term financials. TELUS STORYHIVE Voices returns Telus STORYHIVE grants
• Negative Sentiment: Scotiabank cut its price target from C$26.00 to C$22.50 (still “outperform”), reducing the street’s upside expectations and potentially weighing on sentiment. Scotiabank price target cut

About TELUS

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.