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TELUS (T) Stock Forecast & Price Target

TELUS logo
C$11.03 0.00 (0.00%)
As of 10/9/2026 04:42 PM Eastern

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

Consensus Rating

Sell
2
Hold
9
Buy
2

Based on 13 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 13 analysts, 2 have given a sell rating, 9 have given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for T.

Consensus Price Target

C$16.89
53.15% Upside
According to the 13 analysts' twelve-month price targets for TELUS, the average price target is C$16.89. The highest price target for T is C$20.00, while the lowest price target for T is C$13.00. The average price target represents a forecasted upside of 53.15% from the current price of C$11.03.
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

TypeCurrent Forecast
10/12/25 to 10/12/26
1 Month Ago
9/12/25 to 9/12/26
3 Months Ago
7/14/25 to 7/14/26
1 Year Ago
10/12/24 to 10/12/25
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$16.89C$18.68C$19.73C$23.38
Forecasted Upside53.15% Upside48.24% Upside34.31% Upside9.54% Upside
Consensus RatingHoldHoldModerate BuyModerate 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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

TELUS Stock vs. The Competition

TypeTELUSCommunication Services Companies
Consensus Rating Score
2.08
2.07
Consensus RatingHoldHold
News Sentiment Rating
Neutral News

See Recent T News
Positive News
Report Date
0 Results
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
10/8/2026 Lower TargetNeutralC$15.00 ➝ C$14.00+22.81%
10/7/2026
Desjardins logo
Desjardins
4 of 5 stars
 Lower TargetHoldC$13.50 ➝ C$13.00+14.64%
9/30/2026 Lower TargetC$15.00 ➝ C$13.00+7.71%
8/4/2026 DowngradeModerate Buy ➝ Hold
7/28/2026 Lower TargetSector PerformC$19.00 ➝ C$16.50+9.49%
7/21/2026 DowngradeEqual Weight ➝ UnderweightC$20.00 ➝ C$13.00-8.77%
7/16/2026 Set TargetMarket PerformC$18.50+23.99%
7/16/2026 Lower TargetC$19.00 ➝ C$17.00+13.94%
7/10/2026 Lower TargetHoldC$16.75 ➝ C$15.50+4.80%
7/7/2026 Lower TargetSector PerformC$20.00 ➝ C$19.00+27.77%
4/28/2026 UpgradeHold ➝ Strong-Buy
4/28/2026 UpgradeHold ➝ BuyC$19.00 ➝ C$20.00+18.55%
12/11/2025 DowngradeOutperform ➝ HoldC$23.00 ➝ C$19.00+7.04%
11/18/2025 DowngradeNeutral ➝ UnderweightC$22.00 ➝ C$19.00
3/21/2025 DowngradeBuy ➝ NeutralC$24.00 ➝ C$22.00+10.33%
3/4/2025DowngradeModerate Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:18 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 Wednesday, October 7, 2026. Please send any questions or comments about these TELUS pros and cons to contact@marketbeat.com.

TELUS
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in TELUS Co.:

  • TELUS Co. recently completed in-orbit network integration testing with AST SpaceMobile for Canadian direct-to-smartphone broadband, a significant technological advancement that positions the company to offer unique satellite-based connectivity services and potentially capture new market segments in the telecommunications industry.
  • The stock is currently trading at $11.34, which is near its 52-week low of $11.06, presenting a potential entry point for value-oriented investors who believe the market has overreacted to recent negative news and that the company's long-term fundamentals remain intact.
  • TELUS Co. offers a high dividend yield of 12.58%, which provides a substantial income stream for investors seeking regular cash flow, although this high yield is partly a result of the depressed stock price rather than an increase in the dividend amount itself.
  • Several directors, including Darren Entwistle, David Lawrence Mowat, Hazel Cynthia Claxton, and Thomas Earl Flynn, made significant share purchases in late 2025, with Entwistle buying over 250,000 shares, signaling strong internal confidence in the company's future performance and value proposition.
  • TELUS Co. is actively pursuing a strategic shift toward data centers and digital transformation services through its subsidiary TELUS Digital, which focuses on AI-fueled automation and cloud solutions, diversifying its revenue streams beyond traditional telecommunications and tapping into high-growth technology sectors.

TELUS
Bear Case

red Wall Street bear icon

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

  • TELUS Co. has a negative P/E ratio of -19.22, indicating that the company is currently operating at a loss, which raises concerns about its profitability and ability to generate sustainable earnings for shareholders in the near term.
  • The company faces significant regulatory and legal risks, including potential $10 million fines from the CRTC over junk fees and a recent breach of customer accounts over 16 months, which could result in substantial financial penalties and damage to customer trust and brand reputation.
  • TELUS Co. has a high debt-to-equity ratio of 236.85, indicating a heavy reliance on debt financing, which increases financial risk and interest expense obligations, potentially limiting the company's flexibility to invest in growth initiatives or weather economic downturns.
  • Multiple major financial institutions, including Morgan Stanley, Royal Bank of Canada, and National Bank Financial, have recently downgraded TELUS Co. or cut their price targets, with Morgan Stanley lowering its rating to "underweight" and reducing its target from C$20.00 to C$13.00, reflecting a consensus view of deteriorating fundamentals or increased risk.
  • The stock has experienced a significant decline, hitting new 52-week lows repeatedly in late 2026, with the price falling from a high of $21.68 to the current $11.34, indicating strong downward momentum and potential continued losses for investors who bought at higher prices.

T Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for TELUS is C$16.89, with a high forecast of C$20.00 and a low forecast of C$13.00.

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last twelve months. There are currently 2 sell ratings, 9 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research 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 53.15% based on their 12-month stock forecasts.

Over the previous 90 days, TELUS's stock had 5 downgrades by analysts.

Analysts like TELUS more than other "communication services" companies. The consensus rating score for TELUS is 2.08 while the average consensus rating score for "communication services" companies is 2.07. Learn more on how T compares to other companies.


MarketBeat monitors more than a dozen sources for TELUS analyst ratings, with the most recent rating issued on 10/8/2026.
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