TELUS (T) Stock Forecast & Price Target

C$22.37

+0.01 (+0.04%)

(As of 10/23/2024 ET)

TELUS - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
1

Hold
3

Buy
6

Based on 10 Wall Street analysts who have issued ratings for TELUS in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 1 has given a sell rating, 3 have given a hold rating, and 6 have given a buy rating for T.

Consensus Price Target

C$24.54
9.71% Upside

According to the 10 analysts' twelve-month price targets for TELUS, the average price target is C$24.54. The highest price target for T is C$28.00, while the lowest price target for T is C$21.50. The average price target represents a forecasted upside of 9.71% from the current price of C$22.37.

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T Analyst Ratings Over Time

Type	Current Forecast 10/25/23 to 10/24/24	1 Month Ago 9/25/23 to 9/24/24	3 Months Ago 7/27/23 to 7/26/24	1 Year Ago 10/25/22 to 10/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$24.54	C$24.58	C$24.87	C$28.42
Forecasted Upside	9.71% Upside	9.67% Upside	13.28% Upside	27.54% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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T 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.

T 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
Consensus Rating Score	2.50	2.57
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent T News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/9/2024	Barclays 3 of 5 stars		Lower Target		C$24.00 ➝ C$23.00	+4.26%
9/5/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$24.00 ➝ C$25.00	+9.75%
8/7/2024	TD Securities 4 of 5 stars		Lower Target	Buy	C$26.00 ➝ C$25.00	+10.57%
8/6/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Galappatthige Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$23.00 ➝ C$21.50	-5.45%
8/6/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$24.25 ➝ C$24.00	+5.54%
8/6/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$25.00 ➝ C$24.00	+5.54%
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8/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$26.00 ➝ C$25.00	+9.94%
7/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$24.00 ➝ C$23.00	+9.52%
6/26/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$25.00 ➝ C$23.00	+10.68%
5/15/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$27.00 ➝ C$26.00	+15.40%
1/26/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Reduce	C$27.00	+10.66%
1/26/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$27.00 ➝ C$28.00	+14.75%
10/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$27.00 ➝ C$24.00	+5.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:39 AM ET.

Should I Buy TELUS Stock? T 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 Sunday, October 13, 2024. 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. has a consistent dividend payout, offering a high dividend yield of 6.75%. This can provide investors with a steady income stream.
Despite recent fluctuations, TELUS Co. has shown resilience in its stock price, currently trading at C$22.11. This stability can be attractive to risk-averse investors.
TELUS Co. has a strong market capitalization of C$34.13 billion, indicating the company's size and stability in the market.
The company's return on equity of 4.67% showcases its ability to generate profit from shareholders' equity, a key metric for investors assessing financial performance.
TELUS Co. operates in the telecommunications and information technology sector, which are industries known for steady demand and potential for growth, providing a stable investment opportunity.

TELUS
Bear Case

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

TELUS Co.'s P/E ratio of 43.51 is relatively high, indicating that the stock may be overvalued compared to its earnings, potentially leading to limited upside for investors.
The company's debt-to-equity ratio of 171.58 is significantly high, suggesting a heavy reliance on debt financing which can pose risks during economic downturns or rising interest rates.
Analysts have issued mixed ratings on TELUS Co.'s stock, with one sell rating and three hold ratings, indicating uncertainty in the market sentiment towards the company.
TELUS Co.'s revenue in the recent quarter fell short of analyst estimates, which could signal challenges in revenue growth and operational performance.
With a beta of 0.72, TELUS Co.'s stock is less volatile compared to the market average, potentially limiting opportunities for aggressive growth investors seeking higher returns.

T Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for TELUS is C$24.54, with a high forecast of C$28.00 and a low forecast of C$21.50.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" T shares.
: According to analysts, TELUS's stock has a predicted upside of 9.71% 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, BMO Capital Markets, Canaccord Genuity Group, CIBC, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like TELUS less than other "communication services" companies. The consensus rating score for TELUS is 2.50 while the average consensus rating score for "communication services" companies is 2.57. Learn more on how T compares to other companies.