Barclays analyst Lauren Bonham lowered the firm’s price target on Telus (TU) to C$19 from C$20 and keeps an Equal Weight rating on the shares as part of a Q1 preview. The firm says the “attractiveness of defensive” for the cable sector is limited by sustained promotional pricing pressure and volume headwinds in core telecom segments.
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Read More on TU:
- Telus downgraded to Sector Perform from Outperform at Scotiabank (yesterday)
- Telus downgraded to Sector Perform from Outperform at Scotiabank
- Telus downgraded to Hold from Buy at Canaccord
- Telus: Slower Growth, Competitive Pressures, and Dividend Uncertainty Warrant a Hold Rating
- Telus price target lowered to C$18 from C$21 at UBS