Scotiabank Has Lowered Expectations for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its target price dropped by Scotiabank from C$22.50 to C$22.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 18.92% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Natl Bk Canada raised TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. downgraded TELUS from a “neutral” rating to an “underweight” rating and lowered their price target for the company from C$22.00 to C$19.00 in a report on Tuesday, November 18th. Canaccord Genuity Group upgraded shares of TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. TD Securities decreased their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Monday, December 15th. Finally, National Bankshares dropped their target price on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$21.79.

TELUS Stock Up 0.7%

TELUS stock opened at C$18.50 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. TELUS has a 1-year low of C$17.26 and a 1-year high of C$23.29. The firm’s fifty day simple moving average is C$18.33 and its 200-day simple moving average is C$20.67. The company has a market capitalization of C$28.69 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.65 and a beta of 0.85.

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

Trending Headlines about TELUS

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: TELUS gained visibility on sustainability, ranking 21st on Corporate Knights’ 2026 Global 100 — a credibility boost for ESG-focused investors that can support longer-term demand for the stock. TELUS ranks 21st on Corporate Knights’ 2026 Global 100 list of most sustainable companies
• Positive Sentiment: TELUS is expanding free-ad-supported TV (FAST) content via partnerships (Just For Laughs, Blue Ant Media), which can lift video distribution, ad revenues and customer engagement if monetized effectively. Just For Laughs & TELUS Team Up for FAST Comedy Content
• Positive Sentiment: Additional coverage confirms FAST channel launches on TELUS’ platform, reinforcing the execution story around growing content offerings and distribution partnerships. Blue Ant Media, Just For Laughs launch FAST channels on Canada’s Telus
• Neutral Sentiment: Scotiabank trimmed its price target from C$22.50 to C$22.00 but kept an “outperform” rating — still implying meaningful upside versus the current share price, though the cut signals tempered near-term expectations. Read More
• Neutral Sentiment: Coverage questioning dividend safety (headlines highlighting an ~8.8% yield and comparisons to “safer” dividend stocks) can both attract income buyers and raise concern about payout sustainability — keep an eye on free cash flow and payout ratio disclosures. It’s a whopping 8.8%, but is Telus’s dividend safe? Telus stock has a nice yield, but this dividend stock looks safer
• Negative Sentiment: A wrongful-death lawsuit alleging failed 911 calls introduces legal and reputational risk; investors should monitor litigation details and any regulatory attention that could lead to fines or operational changes. Family of man who died of heart attack after 911 calls failed sues Telus
• Negative Sentiment: Employee unrest over a voluntary severance package and criticism from labour groups can hurt morale and lead to service disruption or increased costs if broader restructuring follows. Telus delivers voluntary severance package ‘gut punch’ to workers
• Negative Sentiment: Shares recently crossed below their 200-day moving average, a technical signal that can pressure sentiment and trigger selling if not quickly reversed; monitor volume and support levels. TELUS (TSE:T) Shares Cross Below 200 Day Moving Average – Time to Sell?

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.