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TELUS Downgraded to Sector Perform at RBC

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TELUS Corp. (T.TO, TU) was downgraded to Sector Perform from Outperform at RBC Capital Markets on Tuesday.

Analyst Drew McReynolds lowered his price target on shares of the Canadian telecom company to C$15 from C$20.

Telus reported quarterly results on Friday. The stock declined 11% to C$13.38 on the Toronto Stock Exchange.

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