Analyst Ratings Coverage
On Friday October 20th, CIBC World Markets (Rank#10) issued a research report on Telus Corp’s stock, and maintained the rating on the company at a “Outperform” based on the current valuation. CIBC cut the target to $26 from $28 per share.
STA Research (Analyst Rank #25), maintained the “Hold” rating on the stock, and lowered the 12 month target to $23 from $27 per share.
Telus Stock Analysis
Drawing on the insights of 14 financial analysts, the average analyst target price for Telus Corp is estimated at CAD 28.59 for the next 12 months. This target price serves as a consensus among these analysts, indicating where they anticipate the stock’s value to be within the foreseeable future. A target price of CAD 28.59 suggests an expectation of either moderate growth or stability in Telus Corp’s stock value over the coming year.
The average analyst rating for Telus Corp is unanimously “Strong Buy.” This positive rating reflects a high degree of confidence among analysts that Telus Corp’s stock is well-positioned for potential gains. A “Strong Buy” rating is generally interpreted as a favorable outlook for investors, indicating an expectation that the stock will outperform the broader market.
Stock Target Advisor’s independent stock analysis of Telus Corp is “Neutral.” This neutral sentiment results from a balanced evaluation of 7 positive signals and 7 negative signals. These signals take into account various factors, including company performance, market dynamics, and economic conditions, which culminate in a cautiously optimistic stance.
As of the most recent closing, Telus Corp’s stock was trading at CAD 22.45. This closing price signifies the stock’s current valuation in the market. Notably, the stock price has experienced a marginal decline of -1.71% over the past week. Such short-term fluctuations can be influenced by various factors, including market sentiment, news developments, and investor sentiment.
Over the past month, Telus Corp’s stock has seen a similarly modest drop of -1.84%. While this represents a decline, it is essential to note that stock prices can be affected by short-term market dynamics, and these fluctuations are not unusual.
Taking a longer view, the stock’s performance over the last year reveals a more substantial decline of -19.53%. This is a notable downturn, but it’s essential to consider that the stock’s performance over the past year has been influenced by various market conditions, economic factors, and industry-specific developments.
Final Stock Analysis
Analysts have a consensus “Strong Buy” rating for Telus Corp. The independent analysis by Stock Target Advisor, while neutral, still suggests some cautious optimism.
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.
