02:36 PM EDT, 06/26/2024 (MT Newswires) -- Telus ( TU ) reports its second quarter results on August 2.

National Bank is looking for total revenue of $4,959 million, operating revenue of $4,928 million, Adj. EBITDA $1,785 million, adjusted EPS $0.23, capex $732 million & FCF $480 million.

Analyst Adam Shine moved estimates from above Street to below, as "pricing tactics continue to disappoint and undermine sector growth and margins as well as valuations."

Target cut to $23 (from $25). Maintain Outperform.

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