{"id":76160,"date":"2026-10-09T03:40:22","date_gmt":"2026-10-09T03:40:22","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=76160"},"modified":"2026-10-09T03:40:22","modified_gmt":"2026-10-09T03:40:22","slug":"telus-corp-tca-cibc-cuts-valuation-forecast","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/telus-corp-tca-cibc-cuts-valuation-forecast\/","title":{"rendered":"TELUS Corp. (T:CA) CIBC Cuts Valuation Forecast"},"content":{"rendered":"

TELUS Corp. (T:CA)<\/strong> <\/a>\u2014 CIBC maintained its Neutral rating and lowered its price target to C$14.00 from C$15.00, a 6.7% reduction. The revision signals a more conservative valuation outlook while leaving the recommendation unchanged.<\/p>\n

TELUS\u2019s investment outlook centres on stabilizing earnings and strengthening its balance sheet. Second-quarter adjusted EBITDA declined 2% to C$1.8 billion, while free cash flow increased 2% to C$545 million. The company also recorded a C$2.1 billion non-cash impairment related to TELUS Digital, highlighting challenges in that business. Management reduced the quarterly dividend by 55% to C$0.1875 per share, directing the resulting savings toward debt reduction. Net debt to adjusted EBITDA stood at 3.5 times, with a target of approximately 3.0 times or lower by the end of 2028 supports deleveraging, but reduces the stock\u2019s income appeal. A stronger investment case would require improving operating earnings, sustained free cash flow and measurable debt reduction. Wireless pricing competition, financing costs and TELUS Digital\u2019s performance remain important factors to monitor.<\/p>\n","protected":false},"excerpt":{"rendered":"

TELUS Corp. (T:CA) \u2014 CIBC maintained its Neutral rating and lowered its price target to C$14.00 from C$15.00, a 6.7% reduction. The revision signals…<\/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-76160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\nTELUS Corp. 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