Cormark Downgrades TELUS (NYSE:TU) to Hold

TELUS (NYSE:TU) (TSE:T) was downgraded by research analysts at Cormark from a “moderate buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports. Cormark also issued estimates for TELUS’s FY2025 earnings at $0.69 EPS and FY2026 earnings at $0.75 EPS.

Several other brokerages have also commented on TU. Morgan Stanley began coverage on shares of TELUS in a research note on Monday, December 16th. They set an “equal weight” rating on the stock. StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, National Bank Financial lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.00.

TELUS Price Performance

TELUS stock opened at $15.38 on Tuesday. The stock has a market cap of $23.06 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The company has a fifty day simple moving average of $14.50 and a 200-day simple moving average of $15.37. TELUS has a 12-month low of $13.24 and a 12-month high of $17.77. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business earned $0.10 EPS. Equities analysts expect that TELUS will post 0.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of TELUS by 195,100.0% during the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 1,951 shares during the period. Avior Wealth Management LLC increased its stake in shares of TELUS by 1,756.0% during the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 4,548 shares during the period. Optiver Holding B.V. acquired a new position in shares of TELUS during the fourth quarter worth about $120,000. Blueshift Asset Management LLC acquired a new position in shares of TELUS during the fourth quarter worth about $142,000. Finally, Triasima Portfolio Management inc. acquired a new position in shares of TELUS during the fourth quarter worth about $146,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.