Barclays analyst Kannan Venkateshwar has adjusted the investment thesis for TELUS, lowering the price target to C$17 from C$19 while maintaining an Equal-Weight rating. The revision reflects a recalibration of the stock's valuation outlook following recent market performance.

The decision to keep the Equal-Weight rating suggests that Barclays views the risk-reward profile of TELUS as balanced at the new price level. The reduced price target indicates a more conservative near-term upside potential compared to prior estimates.

TELUS trades on the TSX under the ticker T. The updated guidance provides investors with a revised benchmark for the telecommunications company's share price trajectory.

TELUS CEO Darren Entwistle has been appointed to the Ordre national du Québec, one of the province's highest distinctions, honoring his contributions to Québec's economic growth, technology innovation, and support for underserved communities. The appointment recognizes individuals whose achievements have profoundly shaped Québec's development and influence. Entwistle has spent more than 25 years leading TELUS' transformation from a regional telecommunications company into a world-leading technology and communications organization.

Strategic Investments and Contributions

Under Entwistle's leadership, TELUS has positioned Québec as a global hub for technology innovation and broadband connectivity through significant long-term investments. The company and its predecessor organizations have served Québec communities for nearly a century. TELUS has established the province as the global headquarters of its technology office, driving substantial capital deployment and infrastructure development.

Key Financial and Social Metrics

TELUS has outlined several key metrics reflecting its commitment to Québec:

Technology and Infrastructure Initiatives

TELUS has developed one of the world's leading and most sustainable AI infrastructure ecosystems, including Canada's first Sovereign AI Factory in Rimouski. The company has also expanded its PureFibre and broadband wireless infrastructure across Québec, enabling world-class connectivity for millions of residents, businesses, and rural communities. This includes the recent deployment of a submarine fibre cable between Sept-Îles and the Gaspé Peninsula to strengthen network resiliency.

Community and Philanthropic Efforts

TELUS has created three TELUS Community Boards in Montréal, Québec City, and Rimouski. The company provides long-standing support for Québec culture, entrepreneurship, and sports through partnerships with organizations such as MTELUS, the TELUS 5G Lab, Opération Enfant Soleil, CF Montréal, and the Rouge et Or. In 2026, TELUS will launch the Entwistle Technology Bursary to help financially challenged students pursue post-secondary or technical education in technology.

Leadership Transition

In recognition of his contributions to Canada and Québec, Darren Entwistle was previously appointed to the Order of Canada in 2018 and has received honorary doctorates from McGill University and Concordia University. Entwistle will become CEO Emeritus upon his retirement from TELUS in June 2026.