{"id":41771,"date":"2023-10-20T20:55:26","date_gmt":"2023-10-20T20:55:26","guid":{"rendered":"https:\/?p=41771"},"modified":"2023-10-20T21:00:35","modified_gmt":"2023-10-20T21:00:35","slug":"cibc-world-markets-cut-the-target-on-telus-corp-ttsx-to-26-from-28","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/cibc-world-markets-cut-the-target-on-telus-corp-ttsx-to-26-from-28\/","title":{"rendered":"CIBC World Markets cut the target on Telus Corp. (T:TSX) to $26 from $28"},"content":{"rendered":"<h2>Analyst Ratings Coverage<\/h2>\n<p>On Friday October 20th, CIBC World Markets <a href=\"https:\/\/www.stocktargetadvisor.com\/Analyst-Ranking\/CIBC%20World%20Markets\">(Rank#10)<\/a> issued a research report on <a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/T\/analyst-rating\">Telus Corp\u2019s<\/a> stock, and maintained the rating on the company at a \u201cOutperform\u201d based on the current valuation.\u00a0 CIBC cut the target to $26 from $28 per share.<\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/Analyst-Ranking\/STA%20Research\">STA Research (Analyst Rank #25<\/a>), maintained the &#8220;Hold&#8221; rating on the stock, and lowered the 12 month target to $23 from $27 per share.<\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/T\" target=\"_blank\" rel=\"noopener\">T:CA Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"T:CA\" data-theme=\"wt_bg_light\" data-uid=\"11538057826532e9b51b8386532e9b51b839\" data-width=\"900\" >\n\t\t<\/script><\/p>\n<\/div>\n<h2>Telus Stock Analysis<\/h2>\n<p>Drawing on the insights of 14 financial analysts, the average analyst target price for<a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/T\"> Telus Corp<\/a> 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&#8217;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&#8217;s stock value over the coming year.<\/p>\n<p>The average analyst rating for Telus Corp is unanimously &#8220;Strong Buy.&#8221; This positive rating reflects a high degree of confidence among analysts that Telus Corp&#8217;s stock is well-positioned for potential gains. A &#8220;Strong Buy&#8221; rating is generally interpreted as a favorable outlook for investors, indicating an expectation that the stock will outperform the broader market.<\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/\">Stock Target Advisor&#8217;s<\/a> independent stock analysis of Telus Corp is &#8220;Neutral.&#8221; 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.<\/p>\n<p>As of the most recent closing, Telus Corp&#8217;s stock was trading at CAD 22.45. This closing price signifies the stock&#8217;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.<\/p>\n<p>Over the past month, Telus Corp&#8217;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.<\/p>\n<p>Taking a longer view, the stock&#8217;s performance over the last year reveals a more substantial decline of -19.53%. This is a notable downturn, but it&#8217;s essential to consider that the stock&#8217;s performance over the past year has been influenced by various market conditions, economic factors, and industry-specific developments.<\/p>\n<p><strong>Final Stock Analysis<\/strong><\/p>\n<p>Analysts have a consensus &#8220;Strong Buy&#8221; rating for Telus Corp. The independent analysis by Stock Target Advisor, while neutral, still suggests some cautious optimism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Ratings Coverage On Friday October 20th, CIBC World Markets (Rank#10) issued a research report on Telus Corp\u2019s stock, and maintained the rating on the&#8230;<\/p>\n","protected":false},"author":3,"featured_media":22929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CIBC World Markets cut the target on Telus Corp. 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