TELUS (T) Stock Forecast & Price Target

Q: What analysts cover TELUS?

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

C$14.23 -0.15 (-1.04%)

As of 04:00 PM Eastern

Compare

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

Consensus Rating

Hold

Based on 12 Analyst Ratings

Sell
2

Hold
5

Buy
5

Based on 12 Wall Street analysts who have issued ratings for TELUS in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 2 have given a sell rating, 5 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$18.86
32.52% Upside

According to the 12 analysts' twelve-month price targets for TELUS, the average price target is C$18.86. The highest price target for T is C$25.00, while the lowest price target for T is C$13.00. The average price target represents a forecasted upside of 32.52% from the current price of C$14.23.

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.

Get the Latest News and Ratings for T and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for TELUS and its competitors.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

T Analyst Ratings Over Time

Type	Current Forecast 7/23/25 to 7/23/26	1 Month Ago 6/23/25 to 6/23/26	3 Months Ago 4/24/25 to 4/24/26	1 Year Ago 7/23/24 to 7/23/25
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)	3 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$18.86	C$20.27	C$20.33	C$23.18
Forecasted Upside	32.52% Upside	24.35% Upside	20.74% Upside	3.03% Upside
Consensus Rating	Hold	Moderate Buy	Hold	Moderate Buy

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	2.33	2.34
Consensus Rating	Hold	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
7/21/2026	Morgan Stanley 3 of 5 stars		Downgrade	Equal Weight ➝ Underweight	C$20.00 ➝ C$13.00	-8.77%
7/16/2026	Raymond James Financial 3 of 5 stars		Set Target	Market Perform	C$18.50	+23.99%
7/16/2026	Barclays 3 of 5 stars		Lower Target		C$19.00 ➝ C$17.00	+13.94%
7/15/2026	Desjardins Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	C$21.00 ➝ C$19.00	+28.38%
7/10/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	C$22.00 ➝ C$20.00	+35.23%
7/10/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Hold	C$16.75 ➝ C$15.50	+4.80%
7/7/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Sector Perform	C$20.00 ➝ C$19.00	+27.77%
4/28/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
4/28/2026	TD Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	C$19.00 ➝ C$20.00	+18.55%
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%
A letter from Shannon Stansberry (Ad) Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief. It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. Watch the full story and see the verified track record for yourself
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%
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 05:04 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 Tuesday, July 21, 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.:

Recent insider buying by multiple directors, including the CEO, indicates strong confidence in the company's future performance, which can positively influence investor sentiment.
The current stock price is around C$17.40, which may present a buying opportunity for investors looking for value in the telecommunications sector.
Analysts have a generally positive outlook, with several maintaining buy ratings, suggesting potential for stock price appreciation.
TELUS Co. has a solid revenue base, reporting over C$5 billion in revenue for the latest quarter, indicating strong operational performance.
The company is actively upgrading its infrastructure, moving towards fiber-optic technology, which positions it well against competitors in the evolving telecommunications landscape.

TELUS
Bear Case

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

Recent negative sentiment from analysts, including downgrades and reduced price targets, may indicate concerns about the company's growth prospects.
Service outages, such as the recent incident affecting cellular service in Haida Gwaii, can lead to customer dissatisfaction and potential reputational damage.
Competition in the telecommunications market remains fierce, with other companies being recommended over TELUS Co. for dividend income, which could impact investor interest.
The company's return on equity is relatively low compared to industry standards, which may raise concerns about its efficiency in generating profits from shareholder investments.
Market volatility and economic uncertainties could affect TELUS Co.'s stock performance, making it a riskier investment in the current climate.

T Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for TELUS is C$18.86, with a high forecast of C$25.00 and a low forecast of C$13.00.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" T shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in T, but not buy additional shares or sell existing shares.

According to analysts, TELUS's stock has a predicted upside of 32.52% based on their 12-month stock forecasts.

Over the previous 90 days, TELUS's stock had 2 upgrades and 1 downgrade by analysts.

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

Analysts like TELUS less than other "communication services" companies. The consensus rating score for TELUS is 2.33 while the average consensus rating score for "communication services" companies is 2.34. Learn more on how T compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With TELUS Recommendations

This page (TSE:T) was last updated on 7/23/2026 by MarketBeat.com Staff.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

TELUS (T) Stock Forecast & Price Target