JPMorgan lowered the firm’s price target on Telus (TU) to C$22 from C$23 and keeps a Neutral rating on the shares. The firm updated the company’s estimates ahead of the Q4 results to reflect recent trends. It reduced Telus’ Q4 mobile phone net adds to 80,000 from 115,000 on slowing population growth.
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Read More on TU:
- Telus price target lowered to C$20.75 from C$22 at Canaccord
- Telus assumed with an Equal Weight at Morgan Stanley
- Telus downgraded to Sector Perform from Outperform at National Bank
- Telus price target lowered to C$23.25 from C$24 at Scotiabank
- Telus price target raised to C$25.50 from C$25 at Desjardins