So far today the Telus stock has been downgraded by RBC Dominion Securities to “sector perform” and has also cut the price target to $60. Jonathan Allen, an alalyst with the firm admits he was hesitant to downgrade and the “lack of positive catalysts and structural concerns” may stunt the stock price short term.
Jeffrey Fan of UBS Securities Canada analyst kept his rating on Rogers and Telus stock to “buy,” however slashed the price target to $7 to $53, and also slashed the Telus stock $8 to $58.
