TELUS Stock Forecast

Stock Price Forecast

According to 17 analysts polled by S&P Global, TELUS stock has a consensus rating of "Hold" and an average price target of $17.33. The average 1-year stock price forecast is 52.82% higher than the current stock price, while the lowest is $14 (+23.46%) and the highest is $22 (+94.00%).

Price Target: $17.33 (+52.82%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$14	$17.33	$16	$22
Change	+23.46%	+52.82%	+41.09%	+94.00%

Analyst Ratings

The average analyst rating for TELUS stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	4	4	4	5	4	4
Buy	4	4	4	4	4	3
Hold	7	7	6	5	6	7
Sell	1	1	2	2	2	2
Strong Sell	1	1	1	1	1	1
Total	17	17	17	17	17	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Drew Mcreynolds RBC Capital	RBC Capital	Buy Maintains $16	Buy	Maintains	$16	+37.08%	Jun 3, 2026
Sebastiano Petti J.P. Morgan	J.P. Morgan	Sell Maintains $13	Sell	Maintains	$13	+12.16%	May 23, 2026
Kannan Venkateshwar Barclays	Barclays	Hold Maintains $14	Hold	Maintains	$14	+23.46%	May 12, 2026
Maher Yaghi Scotiabank	Scotiabank	Hold Maintains $15 → $14	Hold	Maintains	$15 → $14	+24.62%	May 11, 2026
Tim Casey BMO Capital	BMO Capital	Hold Maintains $14 → $13	Hold	Maintains	$14 → $13	+18.39%	May 11, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

20.78B

from 20.35B

2.15%

from 20.35B

Revenue Next Year

21.26B

from 20.78B

2.28%

from 20.78B

EPS This Year

0.93

from 0.92

0.89%

from 0.92

EPS Next Year

0.99

from 0.93

7.07%

from 0.93

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	16.84B	18.29B	20.01B	20.14B	20.35B	20.78B
Revenue Growth	9.76%	8.64%	9.37%	0.67%	1.03%	2.15%
Gross Profit	6.03B	6.52B	7.03B	7.08B	7.18B	11.15B
Gross Margin	35.81%	35.63%	35.15%	35.14%	35.30%	53.64%
Operating Income	2.83B	3.09B	3.02B	3.13B	3.20B	2.87B
Net Income	1.66B	1.62B	841.00M	993.00M	1.11B	1.05B
EPS	-	-	-	-	0.92	0.93
EPS Growth	-	-	-	-	-11.54%	0.89%
Forward PE	-	-	-	-	-	17.32
Dividend / Share	1.27	1.36	1.45	1.56	1.65	1.67
Dividend Growth	-	6.66%	7.28%	7.03%	6.21%	1.25%
Free Cash Flow	-214.25M	1.02B	735.38M	1.82B	2.76B	2.43B
No. Analysts	-	-	-	-	-	15

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027	2028
High	21.0B
Avg	20.8B
Low	20.1B

Revenue Growth

Revenue Growth	2026	2027	2028
High	3.4%
Avg	2.2%
Low	-1.3%

EPS Forecast

EPS	2026	2027	2028
High	1.09
Avg	0.93
Low	0.81

EPS Growth

EPS Growth	2026	2027	2028
High	18.3%
Avg	0.9%
Low	-11.5%