TD Securities Cuts TELUS (TSE:T) Price Target to C$21.00

TELUS (TSE:T) (NYSE:TU) had its price objective decreased by TD Securities from C$25.00 to C$21.00 in a research note published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

T has been the subject of several other reports. Morgan Stanley reduced their target price on TELUS from C$25.00 to C$20.00 in a report on Wednesday, December 10th. JPMorgan Chase & Co. downgraded TELUS from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from C$22.00 to C$19.00 in a research note on Tuesday, November 18th. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. National Bank Financial cut 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 report on Tuesday, December 30th. Finally, Scotiabank decreased their price objective on shares of TELUS from C$22.50 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$21.38.

TELUS Stock Performance

Shares of T stock opened at C$18.35 on Friday. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a 50-day moving average of C$18.40 and a 200-day moving average of C$20.25. TELUS has a one year low of C$17.26 and a one year high of C$23.29. The company has a market cap of C$28.64 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.65 and a beta of 0.79.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$5.23 billion during the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. Equities research analysts forecast that TELUS will post 1.2267985 EPS for the current fiscal year.

Insider Transactions at TELUS

In other news, Director Thomas Earl Flynn acquired 3,000 shares of the stock in a transaction on Wednesday, December 24th. The stock was acquired at an average price of C$17.45 per share, with a total value of C$52,350.00. Following the completion of the transaction, the director owned 14,389 shares of the company’s stock, valued at C$251,088.05. This represents a 26.34% increase in their position. Also, Director David Lawrence Mowat bought 3,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were acquired at an average price of C$17.37 per share, for a total transaction of C$52,110.00. Following the acquisition, the director owned 14,486 shares in the company, valued at approximately C$251,621.82. This represents a 26.12% increase in their position. Insiders have acquired a total of 258,245 shares of company stock worth $4,486,022 in the last ninety days. 0.02% of the stock is owned by company insiders.

Key TELUS News

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: TELUS named former CIBC chief Victor Dodig as CEO, replacing long-time leader Darren Entwistle — markets may view Dodig’s track record and governance credentials as a potential catalyst for renewed strategic focus and dividend discipline. Article Title
• Positive Sentiment: TELUS announced a quarterly cash dividend (payable April 1, 2026), supporting income investors and the stock’s defensive yield story. Article Title
• Positive Sentiment: Strategic tech win — Photonic Inc. demonstrated quantum communications over TELUS’s network, highlighting R&D and potential future premium services. Article Title
• Neutral Sentiment: TELUS raised consumer pricing (latest $15 hike), making its plans more expensive than Rogers/Bell — could boost ARPU but risks churn and regulatory scrutiny. Article Title
• Neutral Sentiment: Corporate housekeeping — amalgamation with Telus International effective Jan 1 and an AGM/record date set; largely administrative but relevant for ownership and reporting. Article Title
• Negative Sentiment: Quarterly results disappointed on weakness in mobile equipment sales (C$0.20 EPS; margins compressed), a clear near-term headwind for revenue and profitability. Article Title
• Negative Sentiment: Analysts trimmed price targets — TD Securities lowered target to C$21 (still a buy) and Atb Cormark to C$19 — signaling reduced near-term upside expectations and contributing to selling pressure. Article Title
• Negative Sentiment: Regulatory/operational setbacks: a federally backed e-prescribing project built with Telus Health is being shut down after large public investment — a reputational and financial negative for health-tech initiatives. Article Title
• Negative Sentiment: Ongoing intense competition in high-speed internet (battle with Bell, Rogers) pressures pricing and subscriber growth prospects in key markets. Article Title

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.