TELUS (NYSE:TU) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

TELUS (NYSE:TU – Get Free Report) (TSE:T) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other research firms have also issued reports on TU. Scotiabank lowered TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 10th. Raymond James Financial began coverage on TELUS in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Barclays set a $12.00 price target on TELUS and gave the company an “equal weight” rating in a research report on Thursday, July 16th. TD Securities raised shares of TELUS from a “buy” rating to a “buy” rating in a report on Tuesday, April 28th. Finally, TD Cowen upgraded shares of TELUS from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.67.

View Our Latest Report on TU

TELUS Stock Down 0.1%

TELUS stock opened at $9.55 on Friday. The firm has a 50 day simple moving average of $11.19 and a 200 day simple moving average of $12.45. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59. TELUS has a 1-year low of $9.22 and a 1-year high of $16.72. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of -23.30, a P/E/G ratio of 7.42 and a beta of 0.64.

TELUS (NYSE:TU – Get Free Report) (TSE:T) last posted its earnings results on Friday, July 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). TELUS had a positive return on equity of 7.68% and a negative net margin of 4.51%.The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.55 billion. On average, analysts predict that TELUS will post 0.72 earnings per share for the current year.

Hedge Funds Weigh In On TELUS

A number of institutional investors have recently added to or reduced their stakes in TU. Bank of Nova Scotia grew its stake in TELUS by 20.4% in the 1st quarter. Bank of Nova Scotia now owns 21,108,090 shares of the Wireless communications provider’s stock worth $271,237,000 after buying an additional 3,571,734 shares in the last quarter. K.J. Harrison & Partners Inc raised its position in shares of TELUS by 307.9% during the 4th quarter. K.J. Harrison & Partners Inc now owns 222,192 shares of the Wireless communications provider’s stock valued at $2,933,000 after buying an additional 167,714 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of TELUS by 21.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 24,075,122 shares of the Wireless communications provider’s stock worth $309,159,000 after acquiring an additional 4,258,557 shares during the last quarter. Letko Brosseau & Associates Inc. lifted its holdings in shares of TELUS by 2.2% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 6,775,387 shares of the Wireless communications provider’s stock worth $89,416,000 after acquiring an additional 148,325 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in TELUS by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 29,470,046 shares of the Wireless communications provider’s stock worth $388,415,000 after acquiring an additional 916,459 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors.

Key TELUS News

Here are the key news stories impacting TELUS this week:

  • Positive Sentiment: TELUS outlined a plan to reduce leverage to 3.0 times or lower by the end of 2028, while prioritizing balance-sheet strength and long-term growth. The company also plans to remove the discount on its dividend reinvestment plan beginning October 1, which should reduce shareholder dilution. TELUS Reports Second-Quarter 2026 Results
  • Neutral Sentiment: The board declared a quarterly dividend of $0.1875 per share, payable October 1 to shareholders of record September 10. The payment represents an annualized yield of approximately 7.8%, although the dividend reset reduces the appeal for income-focused investors. TELUS Declares Quarterly Cash Dividend
  • Negative Sentiment: TELUS reported second-quarter adjusted earnings of $0.12 per share, below estimates ranging from $0.14 to $0.16 and down from $0.16 a year earlier. The company also missed revenue expectations, reinforcing concerns about operating performance and helping drive selling pressure. TELUS Lags Q2 Earnings and Revenue Estimates
  • Negative Sentiment: The dividend reset is a near-term setback for shareholders and signals that management is prioritizing debt reduction over maintaining the previous payout trajectory. TELUS reported a 4.54% net margin and 8.29% return on equity, highlighting limited profitability relative to its substantial leverage. TELUS Dividend Reset and Financial Results

About TELUS

(Get Free Report)

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.

Further Reading