TELUS (T) Stock Forecast & Price Target

C$19.45 -0.30 (-1.52%)

(As of 12/24/2024 01:21 PM ET)

TELUS - Analysts' Recommendations and Stock Price Forecast (2025)

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

Hold

Based on 11 Analyst Ratings

Sell
1

Hold
4

Buy
6

Based on 11 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 11 analysts, 1 has given a sell rating, 4 have given a hold rating, and 6 have given a buy rating for T.

Consensus Price Target

C$24.23
24.57% Upside

According to the 11 analysts' twelve-month price targets for TELUS, the average price target is C$24.23. 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 24.57% from the current price of C$19.45.

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T Analyst Ratings Over Time

Type	Current Forecast 12/26/23 to 12/25/24	1 Month Ago 11/26/23 to 11/25/24	3 Months Ago 9/27/23 to 9/26/24	1 Year Ago 12/26/22 to 12/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	2 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$24.23	C$24.46	C$24.58	C$28.33
Forecasted Upside	24.57% Upside	13.02% Upside	9.38% Upside	21.65% Upside
Consensus Rating	Hold	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	2.45	2.71
Consensus Rating	Hold	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
12/18/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform	C$25.00 ➝ C$24.00	+20.97%
12/13/2024	National Bankshares 1 of 5 stars		Downgrade	Outperform ➝ Sector Perform	C$24.00 ➝ C$22.00	+6.13%
12/12/2024	National Bank Financial 5 of 5 stars	A. Shine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
12/3/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$26.00 ➝ C$25.00	+13.69%
11/26/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Yaghi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$24.00 ➝ C$23.25	+8.85%
11/11/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$26.00 ➝ C$25.00	+13.79%
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.
10/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
8/6/2024	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%
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%
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%
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 Wednesday at 01:12 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, December 22, 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 analyst ratings indicate a consensus "Moderate Buy" for TELUS Co., suggesting positive sentiment among market experts.
The stock has a potential upside of approximately 13.69% based on the latest price target of C$25.00 set by TD Securities, which reflects optimism about future performance.
Insider buying activity, such as the acquisition of 100,000 shares by Director Victor George Dodig, can signal confidence in the company's future prospects.
The current stock price is C$21.99, which is near its 1-year low of C$20.04, potentially offering a buying opportunity for investors looking for value.
Despite recent downgrades, several analysts maintain buy ratings, indicating that there is still strong belief in the company's long-term growth potential.

TELUS
Bear Case

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

Recent downgrades from multiple analysts, including a reduction in target prices, suggest a cautious outlook on the stock's near-term performance.
The stock has experienced volatility, with a recent decline of 1.5%, indicating potential instability in the market.
High debt-to-equity ratio of 171.58 may raise concerns about the company's financial leverage and ability to manage debt effectively.
Analysts have noted a decrease in target prices from C$26.00 to C$25.00, reflecting a downward revision in growth expectations.
With a P/E ratio of 41.49, the stock may be considered overvalued compared to industry peers, which could deter value-focused investors.

T Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for TELUS is C$24.23, with a high forecast of C$28.00 and a low forecast of C$21.50.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last year. There is currently 1 sell rating, 4 hold ratings and 6 buy ratings 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 24.57% based on their 12-month stock forecasts.
: Over the previous 90 days, TELUS's stock had 2 downgrades and 1 upgrade by analysts.
: TELUS has been rated by research analysts at Barclays, Cormark, National Bank Financial, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like TELUS less than other "communication services" companies. The consensus rating for TELUS is Hold while the average consensus rating for "communication services" companies is Moderate Buy. Learn more on how T compares to other companies.

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This page (TSE:T) was last updated on 12/25/2024 by MarketBeat.com Staff

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TELUS (T) Stock Forecast & Price Target