Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

TELUS Sector-Perform Rating, $23.00 Price Target, Confirmed at National Bank of Canada

BY MT Newswires | ECONOMIC | 06/30/25 11:49 AM EDT

11:49 AM EDT, 06/30/2025 (MT Newswires) -- National Bank of Canada over the weekend maintained a sector-perform rating and $23.00 price target on the shares of TELUS (TU) , as the bank provided a second-quarter earnings preview for the company.

The bank forecasts second-quarter total revenue of $5.03 billion, operating revenue of around $4.99 billion, adjusted EBITDA of about $1.80 billion, adjusted EPS of $0.23, capex of $675 million and FCF of $490 million, consistent with consensus.

The bank commented that although the second quarter was marked by ongoing elevated competition and a near lapping of reduced immigration, there were signs of industry efforts to show "a bit more discipline." The bank added that it will see if this continues into the second half or becomes more sustainable in 2026.

"On March 26, the company said it was pursuing the sale of a minority stake in its tower business which may occur in the next month, while it submitted on June 12 a non-binding indication of interest to purchase the rest of Telus Digital for US$3.40/share which may get completed over the next few months," further noted the bank.

Price: 21.78, Change: +0.09, Percent Change: +0.44

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article