TELUS Stock Forecast

Stock Price Forecast

According to 18 analysts polled by S&P Global, TELUS stock has a consensus rating of "Hold" and an average price target of $10. The average 1-year stock price forecast is 16.28% higher than the current stock price, while the lowest is $9.50 (+10.47%) and the highest is $10.5 (+22.09%).

Price Target: $10 (+16.28%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$9.50	$10	$10	$10.5
Change	+10.47%	+16.28%	+16.28%	+22.09%

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

Chart

Rating	Apr '26	May '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	4	4	3	3	2	2
Buy	4	3	3	0	1	1
Hold	7	8	9	11	11	11
Sell	1	1	1	2	2	2
Strong Sell	1	1	2	2	2	2
Total	17	17	18	18	18	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Maher Yaghi Scotiabank	Scotiabank	Hold Maintains $12 → $11	Hold	Maintains	$12 → $11	+26.50%	Oct 20, 2026
David Mcfadgen ATB Cormark Capital Markets	ATB Cormark Capital Markets	Hold Maintains $9.63 → $8.56	Hold	Maintains	$9.63 → $8.56	-0.46%	Oct 19, 2026
Drew Mcreynolds RBC Capital	RBC Capital	Hold Maintains $11 → $9.99	Hold	Maintains	$11 → $9.99	+16.13%	Oct 15, 2026
Lauren Bonham Barclays	Barclays	Hold Maintains $11 → $10	Hold	Maintains	$11 → $10	+16.28%	Oct 13, 2026
Stephanie Price CIBC	CIBC	Hold Maintains $11 → $9.99	Hold	Maintains	$11 → $9.99	+16.13%	Oct 8, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

20.08B

from 20.35B

-1.28%

from 20.35B

Revenue Next Year

20.19B

from 20.08B

0.51%

from 20.08B

EPS This Year

0.70

from 0.92

-23.64%

from 0.92

EPS Next Year

0.76

from 0.70

7.83%

from 0.70

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	20.08B
Revenue Growth	9.76%	8.64%	9.37%	0.67%	1.03%	-1.28%
Operating Income	2.83B	3.09B	3.02B	3.13B	3.20B	353.50M
Net Income	1.66B	1.62B	841.00M	993.00M	1.11B	-1.37B
EPS	-	-	-	-	0.92	0.70
EPS Growth	-	-	-	-	-11.54%	-23.64%
Forward PE	-	-	-	-	-	17.20
Dividend / Share	1.27	1.36	1.45	1.56	1.65	1.24
Dividend Growth	7.26%	6.66%	7.28%	7.03%	6.21%	-25.23%
Free Cash Flow	-	-	-	-	2.30B	1.84B
No. Analysts	-	-	-	-	-	16

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	20.4B
Avg	20.1B
Low	20.0B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	0.3%
Avg	-1.3%
Low	-1.8%

EPS Forecast

Chart

EPS	2026	2027	2028
High	0.78
Avg	0.70
Low	0.63

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	-15.2%
Avg	-23.6%
Low	-31.5%