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$14.46 -0.54 (-3.60%)

As of 07/2/2026 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
40.17% 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 40.17% from the current price of C$14.46.

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 7/3/25 to 7/3/26	1 Month Ago 6/3/25 to 6/3/26	3 Months Ago 4/4/25 to 4/4/26	1 Year Ago 7/3/24 to 7/3/25
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)	5 Buy rating(s)	5 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$21.14	C$23.18
Forecasted Upside	40.17% Upside	18.53% Upside	17.95% Upside	5.28% Upside
Consensus Rating	Moderate Buy	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	2.50	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%
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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 Friday at 06:06 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 Saturday, June 27, 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 be a positive signal for investors.
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 favorable outlook, with several maintaining "buy" ratings, suggesting potential for stock 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 equity.
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 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 equities research analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last twelve months. 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 equities research analysts is that investors should "moderate buy" T shares.

According to analysts, TELUS's stock has a predicted upside of 40.17% based on their 12-month stock forecasts.

Over the previous 90 days, TELUS's stock had 2 upgrades and 2 downgrades 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 7/3/2026 by MarketBeat.com Staff.

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TELUS (T) Stock Forecast & Price Target