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TELUS Corporation (T) was Downgraded to a Hold Rating at Scotiabank


In a new note to investors on October 10, an analyst has provided a rating update for the Technology company, TELUS Corporation (TSX: T). On October 10, analyst Jeff Fan gave a Hold rating to T and set a C$49 price target.

According to TipRanks.com, Fan is a 3-star analyst with an average return of 2.7% and a 58.4% success rate. Fan covers the Technology sector, focusing on stocks such as Rogers Communication, AT&T Inc, and BCE Inc.

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Currently, the analyst consensus on TELUS Corporation is a Strong Buy with an average price target of C$51.60.

The company has a one-year high of C$49.15 and a one-year low of C$44.14. Currently, TELUS Corporation has an average volume of 838.8K.

TELUS Corp. operates as a telecommunications company. The comapny specializes in telecommunication services and products primarily for wireless and wireline voice and data. It operates through the Wireless and Wireline segments. The Wireless segment refers to the data and voice products for mobile technologies.

The company’s shares closed on Friday at C$44.21, close to its 52-week low of C$44.14.