TELUS (T) Stock Forecast & Price Target

C$21.26 -0.12 (-0.56%)

(As of 11/22/2024 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 10 Analyst Ratings

Sell
1

Hold
2

Buy
7

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, 2 have given a hold rating, and 7 have given a buy rating for T.

Consensus Price Target

C$24.46
15.04% Upside

According to the 10 analysts' twelve-month price targets for TELUS, the average price target is C$24.46. The highest price target for T is C$28.00, while the lowest price target for T is C$21.50. The average price target represents a forecasted upside of 15.04% from the current price of C$21.26.

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T Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$24.46	C$24.54	C$24.50	C$28.17
Forecasted Upside	15.04% Upside	11.15% Upside	12.75% Upside	17.07% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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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	2.60	2.67
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent T News	Neutral 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
11/11/2024	Cormark 3 of 5 stars		Lower Target		C$26.00 ➝ C$25.00	+13.79%
10/28/2024	Scotiabank 5 of 5 stars	M. Yaghi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
10/9/2024	Barclays 3 of 5 stars		Lower Target		C$24.00 ➝ C$23.00	+4.26%
9/5/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$24.00 ➝ C$25.00	+9.75%
8/7/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$26.00 ➝ C$25.00	+10.57%
8/6/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Galappatthige Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$23.00 ➝ C$21.50	-5.45%
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.
8/6/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$25.00 ➝ C$24.00	+5.54%
8/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$26.00 ➝ C$25.00	+9.94%
7/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$24.00 ➝ C$23.00	+9.52%
6/26/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$25.00 ➝ C$23.00	+10.68%
1/26/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Reduce	C$27.00	+10.66%
1/26/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$27.00 ➝ C$28.00	+14.75%
10/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$27.00 ➝ C$24.00	+5.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:07 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 Wednesday, November 20, 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.:

Recent upgrade by Scotiabank to an "outperform" rating indicates positive analyst sentiment, suggesting potential for stock price appreciation.
Current stock price is C$22.37, which is below the consensus price target of C$24.54, indicating potential upside for investors.
Strong quarterly earnings report with C$0.25 EPS, exceeding the consensus estimate of C$0.24, reflects solid financial performance.
Analysts have a consensus rating of "Moderate Buy," with a majority recommending buy ratings, which can instill confidence in potential investors.
Market capitalization of C$33.11 billion and a relatively stable beta of 0.72 suggest that TELUS Co. is a less volatile investment compared to the broader market.

TELUS
Bear Case

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

High debt-to-equity ratio of 171.58 indicates that TELUS Co. is heavily reliant on debt financing, which can pose risks in economic downturns.
Recent revenue of C$4.97 billion fell short of analysts' expectations of C$5.04 billion, suggesting potential challenges in meeting growth targets.
Price-to-earnings (P/E) ratio of 42.21 is relatively high, which may indicate that the stock is overvalued compared to its earnings, potentially limiting future price appreciation.
Analysts have varied opinions, with one sell rating and several neutral ratings, indicating uncertainty about the stock's future performance.
Recent price target reductions by several analysts, including a drop from C$26.00 to C$25.00 by TD Securities, may signal caution among investors regarding future growth prospects.

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$24.46, with a high forecast of C$28.00 and a low forecast of C$21.50.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last year. There is currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" T shares.
: According to analysts, TELUS's stock has a predicted upside of 15.04% 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 Barclays, BMO Capital Markets, Cormark, and Scotiabank in the past 90 days.
: Analysts like TELUS less than other "communication services" companies. The consensus rating score for TELUS is 2.60 while the average consensus rating score for "communication services" companies is 2.68. Learn more on how T compares to other companies.

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This page (TSE:T) was last updated on 11/23/2024 by MarketBeat.com Staff

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TELUS (T) Stock Forecast & Price Target