Research Analysts’ Weekly Ratings Changes for TELUS (T)

TELUS (TSE: T) recently received a number of ratings updates from brokerages and research firms:

• 7/28/2026 – TELUS had its price target lowered by ATB Cormark Capital Markets from C$19.00 to C$16.50. They now have a “sector perform” rating on the stock.
• 7/21/2026 – TELUS was downgraded by Morgan Stanley from “equal weight” to “underweight”. They now have a C$13.00 price target on the stock, down from C$20.00.
• 7/16/2026 – TELUS was given a new C$18.50 price target by Raymond James Financial, Inc.. They now have a “market perform” rating on the stock.
• 7/16/2026 – TELUS had its price target lowered by Barclays PLC from C$19.00 to C$17.00.
• 7/15/2026 – TELUS had its price target lowered by Desjardins from C$21.00 to C$19.00. They now have a “buy” rating on the stock.
• 7/10/2026 – TELUS had its price target lowered by Royal Bank Of Canada from C$22.00 to C$20.00. They now have an “outperform” rating on the stock.
• 7/10/2026 – TELUS had its price target lowered by Canaccord Genuity Group Inc. from C$16.75 to C$15.50. They now have a “hold” rating on the stock.
• 7/7/2026 – TELUS had its price target lowered by Scotiabank from C$20.00 to C$19.00. They now have a “sector perform” rating on the stock.

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.