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$16.64 +0.01 (+0.06%)

As of 06/12/2026 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
21.81% 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 21.81% from the current price of C$16.64.

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 6/13/25 to 6/13/26	1 Month Ago 5/14/25 to 5/14/26	3 Months Ago 3/15/25 to 3/15/26	1 Year Ago 6/13/24 to 6/13/25
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	21.81% Upside	19.23% Upside	18.68% Upside	6.17% 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	2.38
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 Saturday at 06:49 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, June 7, 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 stock has a potential upside of approximately 40.69% based on recent price targets set by analysts, indicating strong growth potential.
Recent upgrades from various brokerages, including a "buy" rating from Canaccord Genuity Group, suggest positive sentiment among analysts regarding TELUS Co.'s future performance.
The current stock price is around C$17.77, which may be considered attractive for investors looking for entry points in a company with a solid market presence.
With a market capitalization of approximately C$27.51 billion, TELUS Co. is a significant player in the telecommunications sector, providing stability and potential for long-term growth.
The company has shown resilience with a relatively low beta of 0.90, indicating that its stock price is less volatile compared to the market, which can be appealing for risk-averse investors.

TELUS
Bear Case

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

Recent downgrades from analysts, including a "hold" rating from Canaccord Genuity Group, may indicate concerns about the company's short-term performance.
The stock has experienced fluctuations, with a recent trading volume of over 10 million shares, suggesting potential instability in investor confidence.
With a debt-to-equity ratio of 199.42, TELUS Co. carries a significant amount of debt relative to its equity, which could pose risks in terms of financial flexibility and stability.
Analysts have set varying price targets, with some as low as C$17.50, reflecting uncertainty about the company's future valuation and performance.
The company has a current ratio of 0.86, which is below 1, indicating potential challenges in meeting short-term liabilities, a concern for liquidity.

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 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 analysts is that investors should "moderate buy" T shares.

According to analysts, TELUS's stock has a predicted upside of 21.81% 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 6/13/2026 by MarketBeat.com Staff.

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TELUS (T) Stock Forecast & Price Target