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Telus Corp (2)
Symbol T
Shares Issued 1,524,520,592
Close 2025-07-02 C$ 22.02
Market Cap C$ 33,569,943,436
Recent Sedar Documents

Globe says BMO's Casey keeps Telus at "outperform"

2025-07-03 07:34 ET - In the News

The Globe and Mail reports in its Thursday, July 3, edition that BMO Capital analyst Tim Casey has reaffirmed his "outperform" recommendation for Telus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Casey boosted his share target by a loonie to $24. Analysts on average target the shares at $22.24. Mr. Casey says in a note: "The wireless pricing environment appears to be improving (becoming less negative) with operators raising prices in April and largely maintaining those levels through the quarter. The CRTC's recent wholesale fibre decision is a tailwind for Telus given relative legacy network scale and bundling capabilities. Deleveraging is a key focus. We expect a tower sale in the near term. Telus is looking to reacquire the remaining stake of Telus Digital it does not currently own. We made modest adjustments to our forecasts with increases in health largely offset by Ag and Telus Digital." The Globe reported on June 13 that Bank of Nova Scotia analyst Maher Yaghi rated Telus "sector outperform." The shares could then be had for $21.92. The Globe reported on June 26 that TD Cowen analyst Vince Valentini continued to rate Telus "buy." Telus shares were then going for $21.85.

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