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TELUS (T) Stock Forecast & Price Target

C$21.72
-0.11 (-0.50%)
(As of 07/19/2024 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

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$24.94
14.84% Upside
High ForecastC$28.00
Average ForecastC$24.94
Low ForecastC$23.00

According to the 10 analysts' twelve-month price targets for TELUS, the average price target is C$24.94. The highest price target for T is C$28.00, while the lowest price target for T is C$23.00. The average price target represents a forecasted upside of 14.84% from the current price of C$21.72.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy
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)
5 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 TargetC$24.94C$25.48C$26.45C$30.14
Forecasted Upside14.84% Upside12.02% Upside13.66% Upside17.62% Upside
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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.
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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.
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TELUS Stock vs. The Competition

TypeTELUSCommunication Services Companies
Consensus Rating Score
2.50
2.54
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetNeutralC$24.00 ➝ C$23.00+9.52%
7/9/2024Canaccord Genuity Group
1 of 5 stars
 Lower TargetBuyC$25.00 ➝ C$23.00+10.26%
7/8/2024CIBC
3 of 5 stars
 Lower TargetC$26.00 ➝ C$25.00+19.56%
6/26/2024National Bankshares
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 Lower TargetOutperformC$25.00 ➝ C$23.00+10.68%
5/21/2024TD Securities
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 Boost TargetBuyC$25.00 ➝ C$27.00+20.64%
5/15/2024Cormark
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 Lower TargetC$27.00 ➝ C$26.00+15.40%
4/17/2024Scotiabank
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 Lower TargetSector PerformC$26.00 ➝ C$24.25+11.80%
4/10/2024Royal Bank of Canada
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 Lower TargetSector PerformC$29.00 ➝ C$26.00+18.45%
4/2/2024BMO Capital Markets
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 Lower TargetC$26.00 ➝ C$24.00+11.63%
2/12/2024Barclays
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 Lower TargetC$25.00 ➝ C$24.00+1.01%
1/26/2024Veritas Investment Research
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 DowngradeBuy ➝ ReduceC$27.00+10.66%
1/26/2024Desjardins
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 Boost TargetBuyC$27.00 ➝ C$28.00+14.75%
10/10/2023UBS Group
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 Lower TargetC$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 Sunday at 01:40 PM ET.

T Forecast - Frequently Asked Questions

What is TELUS's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for TELUS is C$24.94, with a high forecast of C$28.00 and a low forecast of C$23.00.

Should I buy or sell TELUS stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last year. There is currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" T shares.

Does TELUS's stock price have much upside?

According to analysts, TELUS's stock has a predicted upside of 11.61% based on their 12-month stock forecasts.

What analysts cover TELUS?

TELUS has been rated by research analysts at Canaccord Genuity Group, CIBC, Cormark, JPMorgan Chase & Co., National Bankshares, and TD Securities in the past 90 days.

Do Wall Street analysts like TELUS more than its competitors?

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 2.54. Learn more on how T compares to other companies.


This page (TSE:T) was last updated on 7/21/2024 by MarketBeat.com Staff

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