20:47:54 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Telus Corp (2)
Symbol T
Shares Issued 1,439,724,628
Close 2023-05-08 C$ 27.65
Market Cap C$ 39,808,385,964
Recent Sedar Documents

Globe says Desjardins's Dubreuil keeps Telus at "buy"

2023-05-08 07:44 ET - In the News

The Globe and Mail reports in its Saturday, May 6, edition that Desjardins Securities analyst Jerome Dubreuil is sticking with his "buy" recommendation for Telus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil lowered his share target to $31 from $32. Analysts on average target the shares at $31.43. Mr. Dubreuil says in a note: "Telus reported decent results as strength in the telecom segment offset pressure in DLCX. As the market turns its attention to competitive dynamics, investors are hopeful that the industry's relatively high leverage could help keep competitive dynamics in check. We maintain our 'buy' rating on Telus given its attractive asset mix, but we highlight competitive headwinds in telecom and a more uncertain demand environment for DLCX." The Globe reported on Jan. 4 and Feb. 14 that BMO Capital Markets analyst Tim Casey continued to rate Telus "buy." Telus shares could then be had for $26.32 and $27.38. The Globe reported on April 4 that RBC Dominion Securities analyst Drew McReynolds rated Telus "outperform." The shares were then going for $26.97.

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