Telus (T) Downgraded to “Neutral” at CIBC

Telus (TSE:T) (NYSE:TU) was downgraded by equities research analysts at CIBC from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, May 11th.

T has been the subject of several other research reports. Morgan Stanley raised shares of Telus from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 30th. Scotiabank increased their price objective on shares of Telus to C$52.00 and gave the company an “outperform” rating in a research note on Monday, May 7th. TD Securities upgraded shares of Telus from a “hold” rating to a “buy” rating and set a C$53.00 price objective on the stock in a research note on Friday, February 2nd. JPMorgan Chase reduced their price target on shares of Telus from C$53.00 to C$50.00 in a research report on Monday, February 12th. Finally, Royal Bank of Canada raised their price target on shares of Telus from C$51.00 to C$52.00 in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$50.91.

Shares of Telus opened at C$45.68 on Friday, according to Marketbeat Ratings. Telus has a 1 year low of C$43.30 and a 1 year high of C$48.94.

About Telus

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

Analyst Recommendations for Telus (TSE:T)

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