TELUS (NYSE:TU) Upgraded to "Hold" at Wall Street Zen

Key Points

• TELUS was upgraded by Wall Street Zen from sell to hold, while the broader analyst view remains mixed with a consensus rating of Hold and a target price of $17.63.
• The company recently reported quarterly EPS of $0.17, topping estimates, but revenue came in slightly below expectations and was down 0.6% year over year.
• TELUS also reiterated its full-year 2026 targets and announced a quarterly dividend of C$0.4184 per share, underscoring confidence in cash flow and its income appeal.

TELUS (NYSE:TU - Get Free Report) TSE: T was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently issued reports on the company. TD Cowen upgraded TELUS from a "hold" rating to a "buy" rating in a research note on Tuesday, April 28th. Scotiabank cut TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, April 10th. TD Securities upgraded TELUS from a "buy" rating to a "buy" rating in a research report on Tuesday, April 28th. Canaccord Genuity Group lowered TELUS from a "buy" rating to a "hold" rating in a research note on Thursday, April 9th. Finally, Weiss Ratings lowered TELUS from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.63.

TELUS Trading Down 1.1%

Shares of TU opened at $12.74 on Friday. The company has a market capitalization of $19.73 billion, a P/E ratio of 24.50, a P/E/G ratio of 4.73 and a beta of 0.61. TELUS has a one year low of $11.69 and a one year high of $16.74. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.81 and a current ratio of 0.86. The stock has a 50-day moving average price of $12.89 and a 200 day moving average price of $13.41.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.64 billion. TELUS had a return on equity of 8.42% and a net margin of 5.42%.TELUS's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. Sell-side analysts forecast that TELUS will post 0.7 EPS for the current fiscal year.

Institutional Trading of TELUS

Hedge funds and other institutional investors have recently modified their holdings of the business. Manchester Capital Management LLC boosted its position in shares of TELUS by 320.0% in the fourth quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 1,712 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of TELUS by 129.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider's stock worth $33,000 after buying an additional 1,393 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of TELUS in the fourth quarter worth $33,000. Farther Finance Advisors LLC boosted its position in shares of TELUS by 35.0% in the third quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider's stock worth $46,000 after buying an additional 759 shares during the period. Finally, State of Wyoming acquired a new stake in shares of TELUS in the second quarter worth $61,000. Institutional investors and hedge funds own 49.40% of the company's stock.

Trending Headlines about TELUS

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: TELUS reported first-quarter adjusted earnings of $0.17 per share, slightly ahead of estimates, while free cash flow rose 19% to $583 million and the company added 262,000 mobile and fixed customers. TELUS reports operational and financial results for first quarter 2026
• Positive Sentiment: The company reaffirmed its full-year 2026 targets, signaling confidence in service revenue, EBITDA, and free cash flow growth. TELUS reports operational and financial results for first quarter 2026
• Positive Sentiment: TELUS announced a quarterly dividend of C$0.4184 per share, reinforcing its income profile and attractive yield for investors. TELUS Corporation - NOTICE OF CASH DIVIDEND
• Neutral Sentiment: TELUS named Gopi Chande as its next CFO, replacing Doug French on July 1 as part of a planned leadership transition. TELUS Announces Retirement of Chief Financial Officer Doug French and Appointment of Successor Gopi Chande
• Negative Sentiment: Revenue declined 0.6% year over year and earnings were below the prior-year quarter, suggesting slower top-line momentum and pressure versus last year. TELUS reports operational and financial results for first quarter 2026

About TELUS

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.

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