TELUS (TSE:T) Given a C$23.00 Price Target by Desjardins Analysts

TELUS (TSE:T) (NYSE:TU) has been assigned a C$23.00 price objective by analysts at Desjardins in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 24.19% from the company’s current price.

Several other analysts also recently issued reports on the company. CIBC boosted their price target on TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. Natl Bk Canada raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. National Bankshares decreased their price target on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 30th. JPMorgan Chase & Co. lowered shares of TELUS from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from C$22.00 to C$19.00 in a research report on Tuesday, November 18th. Finally, BMO Capital Markets downgraded shares of TELUS from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$23.00 to C$19.00 in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, TELUS has an average rating of “Moderate Buy” and a consensus price target of C$21.83.

TELUS Stock Down 1.0%

TELUS stock opened at C$18.52 on Monday. The company’s 50-day moving average price is C$18.57 and its two-hundred day moving average price is C$20.80. 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 stock has a market cap of C$28.72 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.65 and a beta of 0.85. TELUS has a twelve month low of C$17.26 and a twelve month high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data 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 during the quarter. As a group, analysts expect that TELUS will post 1.2267985 EPS for the current year.

Key Stories Impacting TELUS

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.