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Stock impact report

Is TELUS (TU) One of the 10 Canadian Stocks with Highest Dividends? [Yahoo! Finance Canada]

Telus Corporation Ordinary Shares (TU) 
Last telus corporation ordinary shares earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: telus.com/en/about/investor-relations
On April 14, Barclays analyst Lauren Bonham lowered the firm's price recommendation on TELUS Corporation (NYSE:TU) to C$19 from C$20. It reiterated an Equal Weight rating as part of a Q1 preview. The firm said the “attractiveness of defensive” in the cable sector is being weighed down by ongoing promotional pricing pressure and weaker volumes across core telecom segments. On April 10, Scotiabank downgraded TU to Sector Perform from Outperform and reduced its price target to C$21.50 from C$23. The firm said the stock's outlook “remains too clouded by what-if scenarios to offset the continued high and unsustainable dividend distribution model.” The analyst added that continued pressure on subscriber growth and pricing in the Canadian telecom market could force Telus to cut its dividend to “placate the market.” Scotiabank also noted that while asset sales may help reduce leverage, they do not address the company's payout ratio. TELUS Corporation (NYSE:TU) operates as a communication Show less Read more
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