{"id":73068,"date":"2026-04-10T04:32:13","date_gmt":"2026-04-10T04:32:13","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=73068"},"modified":"2026-04-10T04:32:43","modified_gmt":"2026-04-10T04:32:43","slug":"telus-corporation-tca-analysts-cut-target-price","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/telus-corporation-tca-analysts-cut-target-price\/","title":{"rendered":"Telus Corporation (T:CA) Analysts Cut Target Prices"},"content":{"rendered":"<div class=\"flex flex-col text-sm pb-25\">\n<section class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-WEB:6f804ab1-35ae-4832-bb49-c50d2b1533eb-14\" data-testid=\"conversation-turn-30\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col gap-4 grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" tabindex=\"0\" data-message-author-role=\"assistant\" data-message-id=\"c2ae86de-8e0b-41b0-a458-d6d791462f7d\" data-message-model-slug=\"gpt-5-3\" data-turn-start-message=\"true\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<h2 data-start=\"0\" data-end=\"50\"><a href=\"https:\/\/www.stocktargetadvisor.com\/blog\/?p=73068&amp;preview=true\"><strong data-start=\"0\" data-end=\"48\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">TELUS Corporation<\/span><\/span> (T:CA) (TU)<\/strong><\/a><\/h2>\n<h3>Analyst Updates<\/h3>\n<p data-start=\"52\" data-end=\"965\"><strong data-start=\"52\" data-end=\"118\">Canaccord Genuity \u2014 Target Lowered to $17.50 from $21.00, Hold<\/strong><br data-start=\"118\" data-end=\"121\" \/>Canaccord\u2019s sizeable target cut reflects mounting margin pressure across TELUS\u2019 core business lines, particularly in wireless and wireline where cost inflation, competitive pricing, and higher financing expenses are compressing profitability. The Hold rating signals a neutral risk\/reward profile, suggesting limited near-term upside as EBITDA growth slows and capital intensity remains elevated due to ongoing 5G network investments and fiber expansion. Additionally, the firm is likely factoring in subscriber growth deceleration and ARPU (average revenue per user) constraints, as competitive intensity limits TELUS\u2019 ability to fully pass through higher costs. The downgrade in valuation implies that free cash flow visibility is weakening, which is critical for a stock traditionally supported by its dividend yield.<\/p>\n<p data-start=\"967\" data-end=\"1896\"><strong data-start=\"967\" data-end=\"1038\">RBC Capital \u2014 Target Lowered to $22 from $23, Outperform Maintained<\/strong><br data-start=\"1038\" data-end=\"1041\" \/>RBC\u2019s more modest revision reflects a tempered but still constructive outlook. While acknowledging similar headwinds, slower growth, margin compression, and a more competitive telecom environment\u2014RBC maintains an Outperform rating, indicating confidence in TELUS\u2019 longer-term strategic positioning. This includes its expansion into adjacent verticals such as health (TELUS Health) and agriculture technology, which are expected to diversify revenue streams and support future growth. RBC likely views current weakness as cyclical rather than structural, with valuation becoming more attractive following the pullback. The smaller target reduction suggests that while near-term earnings revisions are trending lower, the firm still sees upside potential through normalization of margins and continued subscriber growth over time.<\/p>\n<hr data-start=\"1898\" data-end=\"1901\" \/>\n<h3 data-start=\"1903\" data-end=\"2260\"><strong data-start=\"1903\" data-end=\"1920\">Outlook<\/strong><\/h3>\n<p data-start=\"1903\" data-end=\"2260\" data-is-last-node=\"\" data-is-only-node=\"\">Both updates point to a <strong data-start=\"1947\" data-end=\"1992\">near-term reset in expectations for TELUS<\/strong>, driven by profitability pressures and slowing growth, but the divergence in ratings highlights a <strong data-start=\"2091\" data-end=\"2113\">split analyst view<\/strong>\u2014with Canaccord focusing on <strong data-start=\"2141\" data-end=\"2184\" data-is-only-node=\"\">immediate execution and cash flow risks<\/strong>, while RBC emphasizes <strong data-start=\"2207\" data-end=\"2259\">long-term strategic value and recovery potential<\/strong>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TELUS Corporation (T:CA) (TU) Analyst Updates Canaccord Genuity \u2014 Target Lowered to $17.50 from $21.00, HoldCanaccord\u2019s sizeable target cut reflects mounting margin pressure across TELUS\u2019&#8230;<\/p>\n","protected":false},"author":3,"featured_media":70363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-73068","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"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>Telus Corporation (T:CA) Analysts Cut Target Prices | Stock Target 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