18 stories mentioning TUUpdated 47d ago
Every FINWIRES story that references TU, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
TELUS Corp. (T.TO, TU) was downgraded to hold from buy at Desjardins on Wednesday.Analyst Jerome Dubreuil lowered the price target to C$13.50 from C$19 a share for the telecom company."We acknowledge that we are not early to this trade" Dubreuil said in a note to clients. "However, the scale of the guidance reset means T's valuation premium to peers has barely moved despite the 11% share price decline on July 31."
Telus' (TU) larger-than-expected reduction to its 2026 guidance weakened the stock's near-term investment case, RBC Capital Markets said in a note Tuesday.The investment firm cited a slower growth outlook, reduced financial visibility, persistent "restructuring charges," delayed free-cash-flow improvement and weaker-than-expected adjusted earnings before interest, taxes, depreciation, and amortization guidance for Telus Technology Solutions.RBC said it is complicated to identify a bottom for the shares because of Telus' premium valuation relative to competitors, challenging market conditions, uncertainty over asset sales, and lack of a clear near-term catalyst, according to the report.Longer term, the firm said it remains positive on Telus' core telecom assets and expects the new management team to simplify the business, reduce costs, streamline asset mix, and improve capital returns.RBC downgraded Telus to sector perform from outperform, and cut the price target to 15 Canadian dollars ($10.66) from CA$20.Shares of Telus were down 3.8% in Tuesday trading.Price: $9.23, Change: $-0.36, Percent Change: -3.75%
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.
TELUS (TU) has an average rating of hold and mean price target of CA$16.79, according to analysts polled by FactSet.
TELUS (TU) has an average rating of hold and mean price target of CA$16.79, according to analysts polled by FactSet.
TELUS (TU) has an average rating of hold and mean price target of CA$16.79, according to analysts polled by FactSet.
TELUS (TU) has an average rating of hold and mean price target of CA$16.79, according to analysts polled by FactSet.
TELUS (TU) has an average rating of hold and mean price target of CA$16.79, according to analysts polled by FactSet.
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 (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' (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 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%
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.
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 (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%
