Highlights

  • BMO Capital Markets reduces TELUS (TSE:T) target price from C$24.00 to C$23.00.
  • Desjardins, Scotiabank, and CIBC also revise their price targets in recent updates.
  • TELUS receives an overall “Moderate Buy” consensus from twelve market analysts.

BMO Capital Markets has adjusted its target price on TELUS (TSE:T) from C$24.00 to C$23.00.
The revised estimate was released in a research note on Monday, as reported by BayStreet.CA.
BMO continues to track the telecom company alongside other major Canadian service providers.

Analyst Ratings Overview

Other brokerage firms have also updated their views on TELUS in recent weeks:

  • Desjardins reduced its target from C$25.00 to C$24.00 while maintaining a “Buy” stance.
  • Scotiabank increased its price target from C$25.00 to C$26.00 and issued an “Outperform” rating.
  • CIBC lifted its target price from C$24.00 to C$25.00 in its October report.
  • National Bankshares reaffirmed a C$23.00 target with a “Sector Perform” rating.

According to MarketBeat, TELUS now holds a consensus rating of “Moderate Buy.”
Out of twelve analysts covering the stock, six have issued “Buy” ratings, and six have recommended “Hold.”
The average price target among these reports stands at C$23.38.

Analyst Summary

  • Buy ratings: 6
  • Hold ratings: 6
  • Average target price: C$23.38
  • Consensus recommendation: Moderate Buy

About TELUS

TELUS Corporation is a major Canadian telecommunications provider serving customers across the country. It is one of the nation’s “Big Three” wireless operators, alongside Bell and Rogers.
The company has approximately nine million mobile subscribers, representing around 30% of the Canadian market. In addition to mobile services, TELUS provides broadband internet, television, and landline connections, particularly in British Columbia and Alberta. The company continues to expand its network infrastructure to meet growing connectivity needs in residential and enterprise segments.