Canaccord Genuity has maintained a Hold rating on TELUS with a price target of $20.75, projecting a modest 0.7% growth in service revenue. This reflects concerns over stagnation due to reduced immigration and a significant decline in mobile phone net additions expected in 2024 and 2025. Competitive and economic pressures further influence this cautious stance. Overall, the report is bearish.
According to 15 analyst ratings, the
average rating for
stock is "Buy" The 12-month stock
price forecast is $30, which is
an increase of 30.72% from the
latest price.
