$TU

Telus to Invest $17.41 Billion in Ontario, $5.8 Billion in Quebec

Telus (TU) will invest over 24 billion Canadian dollars ($17.41 billion) in the next five years to expand its network infrastructure in Ontario, Canada, the company said Thursday.Separately, Telus said Thursday it plans to invest over CA$8 billion in the next five years to expand its network infrastructure in Quebec, Canada.The two investments are part of a larger commitment to invest CA$66 billion in Canada by 2030, the company said.Price: $12.39, Change: $-0.03, Percent Change: -0.24%

Telus Advances Proposed Sovereign AI Factory Cluster Project With Canadian Government

Telus (TU), Westbank, and the Canadian government are making progress on a proposed sovereign artificial intelligence factory cluster in British Columbia, the communications technology company said Monday.The planned cluster aims to scale to more than 60,000 graphics processing units and 150 megawatts by 2032, powered 98% by clean energy, Telus said.The sovereign AI factory cluster will serve Canadian businesses, public institutions, and government organizations with high-performance AI computing capacity without sending their data and intellectual property outside of the country, according to a statement.Price: $12.70, Change: $-0.05, Percent Change: -0.43%

Telus' Performance Tracking Low-to-Mid End of 2026 Revenue, EBITDA Guidance Ranges, RBC Says

Telus' (TU) performance is tracking to the low-to-mid end of its reaffirmed revenue and earnings before interest, taxes, depreciation and amortization growth guidance for 2026, RBC Capital Markets said in a note Sunday.In the absence of recurring Q1-like promotional intensity, management sees ongoing sequential improvement in year-on-year wireless network revenue growth as the year progresses, reiterating the expectation of steady TTech multiyear margin expansion, the brokerage said.The company further sees Telus Health crystallization process as "well underway" with interest from multiple parties, with a transaction update likely coming this summer or in concurrence with its Q2 results, according to the note.Telus maintains a premium valuation relative to large cap peers, with the company sustaining 3% or higher adjusted EBITDA growth and continuing to make progress towards management's 10% consolidated capex intensity objective, among others, the brokerage said.RBC maintained its outperform rating on the stock, with a 22 Canadian dollars ($16.10) price target.Price: $12.69, Change: $-0.06, Percent Change: -0.51%

CIBC Confirms Outperformer Rating and Target of $24.00 on Telus After Q1 Results and CFO Appointment

CIBC Capital Markets maintained its outperformer rating and C$24.00 price target on the shares of Telus (T.TO, TU) after the company reported its first-quarter financial results and appointed Gopi Chande as its Chief Financial Officer on Friday.The company "continues to focus on de-leveraging and its growth businesses," said analyst Stephanie Price. "TELUS Health saw 11% Y/Y revenue and EBITDA growth in Q1, with its strategic process ongoing."The bank thinks that outside of the growth businesses, the overall telecom environment remains competitive. Telus reiterated its 2026 guidance, but noted on the call that it expects to hit the lower end to midpoint of the service revenue and adj. EBITDA growth guides (both +2% to +4% Y/Y), with the Street already there, CIBC said.The bank said it will be watching for potential strategy changes with the leadership transition next quarter. CIBC forecast 2026 consolidated service revenue and adjusted EBITDA growth of 2.1% and 2.9%.Price: $17.17, Change: $-0.29, Percent Change: -1.66%

Research Alert: Telus Results Impacted By Strong Competition Within Wireless Industry

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TELUS reported challenging Q1 2026 results with revenue declining 0.6% to $4,989M and EPS falling to $0.09 from $0.21, missing the consensus of $0.22. Earnings declined due to elevated restructuring costs of $315M versus $97M in the prior year and 12.2% equipment revenue drop amid competitive pressures. TELUS Health emerged as the standout with 11.2% growth to $526M, demonstrating strategic diversification value beyond core telecom. Management characterized the wireless environment as "highly promotional and irrational" with aggressive pricing threatening premium brand value. We expect continued margin pressure as competitor price emulation commoditizes benefits and undermines value creation. However, we believe TELUS Health's performance and operational synergies, including $431M in delivered LifeWorks synergies, provide some offset. Net debt to EBITDA improved to 3.5x from 3.9x, progressing toward the 2027 target of approximately 3.0x.

TD Cowen Upgrades TELUS to Buy From Hold

PowerFleet Launches AI-Powered Camera Offering to Improve Driver Safety

PowerFleet (AIOT) said Monday it launched Vision 360 Plus, an AI-powered multi-camera coverage solution designed to enhance operational visibility and driver safety.The company will work with TELUS (TU) to expand the reach of the software-as-a-service offering across North America, according to a statement.Vision 360 Plus addresses critical safety and operational challenges, enabling fleet operators to reduce risk, improve driver performance, and drive coaching workflows, the company said.Price: $3.32, Change: $-0.02, Percent Change: -0.60%

Telus To Expand PureFibre Services To Calgary-Bonavista Through Fibre Connect, Ledcor Partnership

Telus (T.TO), in partnership with Fibre Connect and Ledcor, on Monday said Telus PureFibre services will soon be available in the community of Calgary-Bonavista.Telus said, to date, more than 1.2 million homes and businesses in Alberta have access to TELUS PureFibre, including over 120,000 in rural areas."Beyond building crucial infrastructure that will support this region for generations to come, this partnership empowers local residents and businesses with the connectivity and capabilities they need to thrive in a digital-first world," said Shazia Zeb Sobani, vice-president, National Fibre Program, at Telus.This project includes over 250,000 meters of fiber construction, the company said in a statement.Teluz shares were last seen down $0.21 to $16.78 on the Toronto stock Exchange.Price: $16.78, Change: $-0.21, Percent Change: -1.24%

Scotiabank Downgrades TELUS to Sector Perform From Sector Outperform, Adjusts Price Target to CA$21.50 From CA$23