Analyst Ratings Coverage
Analyst Ratings on Telus – December 18, 2023
On December 18, 2023, CIBC World Markets issued a notable rating and target price for Telus Corporation (Telus), providing investors with insights into the analysts’ outlook on the company’s future performance.
CIBC World Markets: Outperform (CAD 28)
CIBC World Markets upgraded its rating on Telus to “Outperform” on December 18, 2023. The “Outperform” rating suggests a positive stance on Telus’s future performance, indicating that, in the opinion of CIBC World Markets, the company’s stock is expected to outperform the broader market. The assigned target price of CAD 28 reflects a level at which the analysts believe Telus’s shares are undervalued or have room for potential appreciation.
This upgrade may be driven by factors such as positive developments in Telus’s business strategy, growth prospects, or the overall industry landscape. Analysts at CIBC World Markets likely see favorable conditions that could contribute to Telus’s success in the market.
Telus Stock Analysis
Analyst Target Price: CAD 28.59
Based on the Telus Corp stock forecast from 12 analysts, the average target price over the next 12 months is CAD 28.59. This figure represents the analysts’ consensus on Telus Corp’s potential valuation in the near future. Investors often use target prices to gauge the perceived intrinsic value of a stock.
Average Analyst Rating: Strong Buy
Telus Corp’s average analyst rating is “Strong Buy.” This rating reflects the collective opinion of analysts, suggesting a high level of confidence in Telus Corp’s future prospects. A “Strong Buy” rating typically indicates that analysts believe the stock is well-positioned for growth.
Stock Target Advisor’s Analysis: Slightly Bearish
Stock Target Advisor’s own analysis of Telus Corp’s stock is categorized as “Slightly Bearish.” This assessment is based on 7 positive signals and 8 negative signals identified by Stock Target Advisor’s algorithm. The “Slightly Bearish” outlook suggests a nuanced perspective, with both positive and negative factors influencing the overall sentiment.
Recent Stock Performance: CAD 24.95
At the last closing, Telus Corp’s stock price was CAD 24.95. Investors can track recent stock performance to understand how the market values the company in real-time.
- Weekly Change: -0.44%
- Monthly Change: +3.01%
- Yearly Change: -7.70%
The weekly, monthly, and yearly changes provide insights into short-term and long-term stock movements. Positive changes indicate potential momentum or positive sentiment, while negative changes may signal challenges or corrections in the stock’s value.
Investor Considerations:
Investors should consider a combination of analyst recommendations, target prices, and their own research when making investment decisions. The “Strong Buy” rating and average target price suggest positive expectations for Telus Corp’s future, but individual investors should align these insights with their investment goals and risk tolerance. Stock prices can be influenced by various factors, and thorough due diligence is essential for informed decision-making.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
