TELUS (TU) Stock Forecast & Price Target

$15.58 -0.10 (-0.64%)

(As of 11/13/2024 ET)

TELUS - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy

Based on 4 Analyst Ratings

Sell
0

Hold
2

Buy
2

Based on 4 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 4 analysts, 2 have given a hold rating, and 2 have given a buy rating for TU.

Consensus Price Target

$26.00
66.93% Upside

According to the 4 analysts' twelve-month price targets for TELUS, the average price target is $26.00. The highest price target for TU is $26.00, while the lowest price target for TU is $26.00. The average price target represents a forecasted upside of 66.93% from the current price of $15.58.

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TU Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$26.00	$26.00	$26.00	$20.00
Forecasted Upside	66.93% Upside	61.14% Upside	62.50% Upside	11.92% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Moderate Buy

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TU 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.

TU 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	Utilities Companies	S&P 500
Consensus Rating Score	2.50	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	66.93% Upside	19.89% Upside	8.03% Upside
News Sentiment Rating	Positive News See Recent TU News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/28/2024	Scotiabank 5 of 5 stars	M. Yaghi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform
8/6/2024	Canaccord Genuity Group 4 of 5 stars	A. Galappatthige Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
2/12/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$27.00 ➝ $26.00	+46.89%
1/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
10/6/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$33.00 ➝ C$30.00
8/8/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$30.00 ➝ C$29.00
Get the Latest News and Ratings for TU 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.
8/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$21.00 ➝ $20.00	+16.55%
7/17/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$31.00 ➝ C$29.00
7/17/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$32.00 ➝ C$31.00
7/14/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$29.00 ➝ C$27.50
2/10/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$31.00 ➝ C$30.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:58 AM ET.

Should I Buy TELUS Stock? TU 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, November 2, 2024. 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.:

TELUS Co. reported earnings per share (EPS) of $0.25 for the last quarter, exceeding the consensus estimate by $0.09. This indicates strong financial performance and potential growth.
Recent stock performance shows TELUS Co. trading at $16.77, up $0.11 during midday trading on Friday. This positive movement can attract investors looking for short-term gains.
Institutional investors like Mackenzie Financial Corp and Clean Yield Group have significant positions in TELUS Co., indicating confidence in the company's future prospects.
TELUS Co. has a diverse investor base, with notable entities like Canada Pension Plan Investment Board, Toronto Dominion Bank, and Vanguard Group Inc. increasing their holdings in the company, reflecting positive sentiment.
Analysts have given TELUS Co. a consensus rating of "Hold" with an average price target of $26.00, suggesting potential upside for investors.

TELUS
Bear Case

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

TELUS Co. has a relatively high PE ratio of 43.00, which may indicate that the stock is currently overvalued compared to its earnings. Investors should be cautious about potential price corrections.
The company's P/E/G ratio of 2.53 suggests that the stock may be overpriced relative to its expected growth rate, signaling a risk for investors seeking growth opportunities.
TELUS Co. has a beta of 0.74, indicating lower volatility compared to the market. While this may provide stability, it could also mean limited potential for significant short-term gains.
The company's debt-to-equity ratio of 1.46 raises concerns about its financial leverage and ability to manage debt obligations, which could impact future profitability and shareholder returns.
Despite positive analyst ratings, the stock has faced downgrades in the past, such as from Canaccord Genuity Group, which could signal underlying challenges or uncertainties in the company's performance.

TU Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for TELUS is $26.00, with a high forecast of $26.00 and a low forecast of $26.00.
: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TU shares.
: According to analysts, TELUS's stock has a predicted upside of 66.93% based on their 12-month stock forecasts.
: Over the previous 90 days, TELUS's stock had 1 upgrade by analysts.
: TELUS has been rated by research analysts at Scotiabank in the past 90 days.
: Analysts like TELUS less than other "utilities" companies. The consensus rating score for TELUS is 2.50 while the average consensus rating score for "utilities" companies is 2.51. Learn more on how TU compares to other companies.

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This page (NYSE:TU) was last updated on 11/14/2024 by MarketBeat.com Staff

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TELUS (TU) Stock Forecast & Price Target