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Bank of America downgrades Telus, leading to a 4.8% stock drop despite beating earnings estimates.
Telus shares dropped after Bank of America downgraded the company's rating from 'buy' to 'neutral', citing concerns about high debt and dividend payout goals.
The stock fell 4.8%, trading as low as $13.88, despite reporting a quarterly EPS of $0.18, which beat analysts' estimates.
Telus aims to reduce its debt and payout ratio in the next few years but faces challenges that could impact its stock performance.
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Bank of America degrada a Telus, lo que conduce a una caída del 4,8% de las acciones a pesar de superar las estimaciones de ingresos.