TELUS Co. (TSE:T) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Consensus "Hold" from nine analysts (1 sell, 4 hold, 4 buy) with an average 12‑month price target of C$20.45, compared with Friday's open of C$16.27.
• Several brokers have recently cut targets and downgraded TELUS (e.g., BMO to Hold with a C$19 target, Canaccord to Hold at C$17.50) amid concerns about slower growth, competitive pressure and dividend uncertainty.
• TELUS disclosed 2,800 Canadian job reductions tied to AI and international growth — a move that could boost margins over time but raises near‑term execution risk as the stock trades near its 1‑year low (C$16.23) with a market cap of C$25.4B and a P/E of 22.6.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has received a consensus rating of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$20.45.

Several research firms have issued reports on T. National Bank Financial dropped their price target on TELUS from C$21.50 to C$21.00 and set an "outperform" rating on the stock in a report on Tuesday, December 30th. Royal Bank Of Canada dropped their price target on TELUS from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a report on Thursday. BMO Capital Markets cut TELUS from an "outperform" rating to a "hold" rating and dropped their price target for the company from C$23.00 to C$19.00 in a report on Thursday, December 11th. Canaccord Genuity Group cut TELUS from a "buy" rating to a "hold" rating and dropped their price target for the company from C$21.00 to C$17.50 in a report on Thursday. Finally, ATB Cormark Capital Markets dropped their price target on TELUS from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a report on Friday, February 13th.

Key Stories Impacting TELUS

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: Desjardins reiterates a buy on TELUS, providing a credible buy-side vote of confidence that may limit downside if fundamentals hold. Desjardins Remains a Buy on Telus (TU)
• Neutral Sentiment: Desjardins trimmed its price target to C$21.50 — still above the current level but a downward revision that partially removes upside. Desjardins Lowers TELUS Price Target to C$21.50
• Neutral Sentiment: RBC cut its target to C$22.00 but kept an Outperform rating, signaling continued conviction in TELUS' medium‑term thesis despite trimming near‑term expectations. RBC Lowers PT to C$22 (BayStreet.CA)
• Neutral Sentiment: TELUS disclosed significant workforce changes (2,800 Canadian job reductions in 2025) tied to AI and international growth — this could improve margins over time but adds execution risk and near‑term disruption. Telus Sheds 2,800 Canadian Jobs
• Negative Sentiment: Canaccord downgraded TELUS from Buy to Hold and cut its target to C$17.50, increasing near‑term selling pressure given the lower conviction and smaller upside. Canaccord Downgrades to Hold (BayStreet.CA)
• Negative Sentiment: Analyst commentary (TipRanks/Canaccord coverage) cites slower growth, competitive pressures and dividend uncertainty — a narrative that hurts dividend‑sensitive income investors and multiples. TipRanks: Hold Rating and Concerns
• Negative Sentiment: Sector dynamics: reporting that Quebecor is seen as the top competitive threat and that Rogers/Bell/Telus have been downgraded over a C$25 price war highlights margin compression risks across incumbents. Quebecor a Top Threat (iPhoneInCanada) Price War Downgrades (iPhoneInCanada)

TELUS Price Performance

TSE T opened at C$16.27 on Friday. The stock has a market capitalization of C$25.40 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.65 and a beta of 0.56. TELUS has a 1 year low of C$16.23 and a 1 year high of C$23.18. The business's fifty day moving average is C$18.41 and its two-hundred day moving average is C$19.15. The company has a debt-to-equity ratio of 199.42, a quick ratio of 0.52 and a current ratio of 0.86.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$5.23 billion for the quarter. TELUS had a return on equity of 7.68% and a net margin of 5.47%. On average, research analysts forecast that TELUS will post 1.2267985 earnings per share for the current fiscal year.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.

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