TELUS (T) Stock Forecast & Price Target

Q: What analysts cover TELUS?

TELUS has been rated by research analysts at Barclays , Canaccord Genuity Group , Desjardins , Royal Bank Of Canada , Scotiabank , TD , and TD Securities in the past 90 days.

C$16.32 -0.17 (-1.03%)

As of 04:00 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
1

Hold
4

Buy
5

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, 4 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for T.

Consensus Price Target

C$20.27
24.20% Upside

According to the 10 analysts' twelve-month price targets for TELUS, the average price target is C$20.27. The highest price target for T is C$25.00, while the lowest price target for T is C$17.50. The average price target represents a forecasted upside of 24.20% from the current price of C$16.32.

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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T Analyst Ratings Over Time

Type	Current Forecast 6/18/25 to 6/18/26	1 Month Ago 5/19/25 to 5/19/26	3 Months Ago 3/20/25 to 3/20/26	1 Year Ago 6/18/24 to 6/18/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$20.27	C$20.27	C$21.38	C$23.27
Forecasted Upside	24.20% Upside	19.58% Upside	18.49% Upside	6.03% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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	2.37
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Neutral News See Recent T News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/13/2026	Desjardins 4 of 5 stars		Set Target	Buy	C$21.00	+23.31%
4/28/2026	TD Securities 4 of 5 stars		Upgrade	Hold ➝ Strong-Buy
4/28/2026	TD Not Rated		Upgrade	Hold ➝ Buy	C$19.00 ➝ C$20.00	+18.55%
4/14/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		C$20.00 ➝ C$19.00	+13.16%
4/9/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
4/9/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	C$23.00 ➝ C$22.00	+31.97%
4/9/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold	C$21.00 ➝ C$17.50	+4.98%
2/13/2026	ATB Cormark Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Sector Perform	C$20.00 ➝ C$19.00	+3.20%
12/30/2025	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	C$21.50 ➝ C$21.00	+17.25%
12/11/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Hold	C$23.00 ➝ C$19.00	+7.04%
Get the Latest News and Ratings for T 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.
12/10/2025	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		C$25.00 ➝ C$20.00	+9.71%
11/18/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Neutral ➝ Underweight	C$22.00 ➝ C$19.00
10/17/2025	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$24.00 ➝ C$25.00	+16.39%
3/21/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Neutral	C$24.00 ➝ C$22.00	+10.33%
3/4/2025	Cormark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	D. Mcfadgen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:02 PM 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 Monday, June 15, 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.:

The current stock price is around C$16.71, which may present a buying opportunity for investors looking for value.
Analysts have a consensus rating of "Hold" for TELUS Co., indicating a stable outlook and potential for moderate growth.
Recent upgrades from various brokerages suggest that there is still confidence in the company's ability to perform well in the market.
The company has a market capitalization of approximately C$26.09 billion, indicating a strong presence in the telecommunications sector.
With a relatively low beta of 0.56, TELUS Co. is considered less volatile compared to the overall market, which may appeal to risk-averse investors.

TELUS
Bear Case

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

Recent downgrades from analysts, including a reduction in price targets, suggest that expectations for future growth may be tempered.
The company's debt-to-equity ratio is relatively high at 199.42, indicating that it relies heavily on debt financing, which can be risky in uncertain economic conditions.
Recent stock performance has shown a decline, with the stock trading down from previous highs, which may indicate underlying challenges.
Analysts have noted a mixed outlook, with some rating the stock as "Hold" while others have issued "Sell" ratings, reflecting uncertainty in investor sentiment.
The current financial metrics, such as a P/E ratio of 23.21, suggest that the stock may be overvalued compared to its earnings, which could deter potential investors.

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$20.27, with a high forecast of C$25.00 and a low forecast of C$17.50.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last year. There is currently 1 sell rating, 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" T shares.

According to analysts, TELUS's stock has a predicted upside of 24.20% based on their 12-month stock forecasts.

Over the previous 90 days, TELUS's stock had 3 downgrades and 2 upgrades by analysts.

TELUS has been rated by research analysts at Barclays, Canaccord Genuity Group, Desjardins, Royal Bank Of Canada, Scotiabank, TD, and TD Securities in the past 90 days.

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

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This page (TSE:T) was last updated on 6/18/2026 by MarketBeat.com Staff.

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TELUS (T) Stock Forecast & Price Target