TELUS (TU) Stock Forecast & Price Target

Q: What analysts cover TELUS?

TELUS has been rated by research analysts at Barclays , Canadian Imperial Bank of Commerce , Weiss Ratings , and Zacks Research in the past 90 days.

$8.60 +0.08 (+0.88%)

As of 01:07 PM Eastern

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TELUS - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Reduce

Based on 17 Analyst Ratings

Sell
5

Hold
9

Buy
3

Based on 17 Wall Street analysts who have issued ratings for TELUS in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 17 analysts, 5 have given a sell rating, 9 have given a hold rating, and 3 have given a buy rating for TU.

Consensus Price Target

$15.00
74.52% Upside

According to the 17 analysts' twelve-month price targets for TELUS, the average price target is $15.00. The highest price target for TU is $19.00, while the lowest price target for TU is $10.00. The average price target represents a forecasted upside of 74.52% from the current price of $8.60.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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TU Analyst Ratings Over Time

Type	Current Forecast 11/13/25 to 11/13/26	1 Month Ago 10/14/25 to 10/14/26	3 Months Ago 8/15/25 to 8/15/26	1 Year Ago 11/13/24 to 11/13/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)
Sell	5 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$15.00	$15.00	$15.33	$17.75
Forecasted Upside	74.52% Upside	85.07% Upside	57.04% Upside	20.67% Upside
Consensus Rating	Reduce	Reduce	Reduce	Hold

TU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

TELUS Stock vs. The Competition

Type	TELUS	Communication Services Companies	Broader Market
Consensus Rating Score	1.88	2.07	2.52
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	74.52% Upside	54.68% Upside	13.97% Upside
News Sentiment Rating	Neutral News See Recent TU News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
11/3/2026	Weiss Ratings 2 of 5 stars		Reiterated Rating	Sell (D)
10/16/2026	Zacks Research 4 of 5 stars		Downgrade	Hold ➝ Strong Sell
10/13/2026	Barclays 3 of 5 stars	Lauren Bonham Not Rated	Set Target	Equal Weight	$11.00 ➝ $10.00	+28.62%
10/8/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral
8/4/2026	Desjardins Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Moderate Buy ➝ Hold
8/4/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Outperform ➝ Sector Perform
8/4/2026	National Bank Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Outperform ➝ Sector Perform
8/4/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Underperform
8/3/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Sector Perform
8/3/2026	TD Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
Get the Latest News and Ratings for TU and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for TELUS and its competitors with MarketBeat's FREE daily newsletter.
7/21/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Underweight
7/15/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Market Perform
4/28/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy
4/9/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold
12/11/2025	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Outperform ➝ Market Perform
12/4/2025	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Buy
11/18/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Sebastiano Petti Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Neutral ➝ Underweight	$22.00 ➝ $19.00	+33.10%
3/4/2025	Cormark Subscribe to MarketBeat All Access to unlock brokerage rankings	D. Mcfadgen Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Moderate Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:08 PM ET.

Should I Buy TELUS Stock? TU Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 9, 2026. Please send any questions or comments about these TELUS pros and cons to contact@marketbeat.com.

TELUS
Bull Case

Here are some ways that investors could benefit from investing in TELUS Co.:

TELUS Co. is currently trading at $8.92, which is significantly below its 52-week high of $14.95, offering a potential entry point for value-oriented investors who believe the market has overreacted to recent earnings misses.
The company has outlined a comprehensive transformation strategy targeting CAD 900 million in annualized cash savings by the end of 2028, which is expected to improve free cash flow and support debt reduction through operational efficiencies and asset sales.
TELUS Co. maintains a high dividend yield of 5.87%, providing a substantial income stream for shareholders, with the company reaffirming its quarterly dividend of CAD 0.1875 per share despite recent financial pressures.
Wireless customer trends have shown improvement, with the company adding 84,000 mobile phone subscribers on a net basis and achieving a blended churn rate of 1.01%, which is the lowest quarterly result in three years, indicating stronger customer retention.
TELUS Co. is positioning itself in the growing artificial intelligence infrastructure market, projecting approximately CAD 500 million in cumulative digital infrastructure revenue over the next three years from data-center connectivity and sovereign AI services.

TELUS
Bear Case

Investors should be bearish about investing in TELUS Co. for these reasons:

TELUS Co. reported a GAAP loss in the third quarter due to a CAD 800 million non-cash goodwill impairment at TELUS Health, which drove basic earnings per share to negative CAD 0.42 and highlighted valuation challenges in its health segment.
The company missed its third-quarter earnings estimates, reporting $0.11 per share against a consensus of $0.13, marking the fourth consecutive quarter of missing analyst expectations and raising concerns about execution and profitability.
Free cash flow declined by 35% to CAD 396 million in the third quarter, reflecting lower EBITDA and higher capital expenditures, which could limit the company's ability to fund growth initiatives and debt reduction without external financing.
TELUS Co. faces a high net debt-to-adjusted EBITDA ratio of 3.6 times, which is above its target of 3.0 times or less, indicating significant leverage that may constrain financial flexibility and increase risk in a rising interest rate environment.
Consolidated service revenue fell 1% year-over-year to CAD 4.5 billion, and adjusted EBITDA declined 5% to CAD 1.8 billion, suggesting underlying weakness in the core telecom business despite efforts to improve margins and customer retention.

TU Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for TELUS is $15.00, with a high forecast of $19.00 and a low forecast of $10.00.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last twelve months. There are currently 5 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" TU shares.

According to analysts, TELUS's stock has a predicted upside of 74.52% based on their 12-month stock forecasts.

Over the previous 90 days, TELUS's stock had 1 downgrade by analysts.

TELUS has been rated by research analysts at Barclays, Canadian Imperial Bank of Commerce, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like TELUS less than other "communication services" companies. The consensus rating for TELUS is Reduce while the average consensus rating for "communication services" companies is Hold. Learn more on how TU compares to other companies.

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Brokerages With TELUS Recommendations

MarketBeat monitors more than a dozen sources for TELUS analyst ratings, with the most recent rating issued on 11/3/2026.

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TELUS (TU) Stock Forecast & Price Target