TELUS Digital reports second quarter 2024 results, delivering consistently strong cash flows despite prolonged macroeconomic pressures; revises the full-year outlook and announces executive leadership

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Go back to TELUS Digital reports second quarter 2024 results, delivering consistently strong cash flows despite prolonged macroeconomic pressures; revises the full-year outlook and announces executive leadership

Canaccord Genuity Downgrades TELUS Corp. (T:CN) (TU) to Hold

August 6, 2024 8:07 AM EDT

Canaccord Genuity analyst Aravinda Galappatthige downgraded TELUS Corp. (T:CN) (NYSE: TU) from Buy to Hold with a price target of Cdn$21.50 (from Cdn$23.00).

The analyst comments "TELUS reported its Q2 results Friday. We characterize the quarter as net negative due to notably soft... More