TELUS (TU) Stock Forecast, Price Target & Predictions

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TU Stock Forecast

TELUS stock forecast is as follows: an average price target of $22.59 (represents a 48.81% upside from TU’s last price of $15.18) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

TU Price Target

The average price target for TELUS (TU) is $22.59 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $21.50. This represents a potential 48.81% upside from TU's last price of $15.18.

TU Analyst Ratings

Buy

According to 5 Wall Street analysts, TELUS's rating consensus is 'Buy'. The analyst rating breakdown for TU stock is 0 'Strong Buy' (0.00%), 4 'Buy' (80.00%), 1 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

TELUS Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 06, 2024	Aravinda Galappatthige	Canaccord Genuity	$21.50	$16.49	30.40%	41.63%
Apr 02, 2024	Tim Casey	BMO Capital	$24.00	$15.89	51.04%	58.10%
Jul 28, 2021	Simon Flannery	Morgan Stanley	$22.28	$21.35	4.36%	46.78%

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The latest TELUS stock forecast, released on Aug 06, 2024 by Aravinda Galappatthige from Canaccord Genuity, set a price target of $21.50, which represents a 30.40% increase from the stock price at the time of the forecast ($16.49), and a 41.63% increase from TU last price ($15.18).

TELUS Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$22.75
Last Closing Price	$15.18	$15.18	$15.18
Upside/Downside	-100.00%	-100.00%	49.87%

In the current month, the average price target of TELUS stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to TELUS's last price of $15.18. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 06, 2024	National Bank	Outperform	Outperform	Hold
Jun 26, 2024	National Bank	Outperform	Outperform	Hold
May 21, 2024	TD Securities	Buy	Buy	Hold
May 10, 2024	National Bank	Outperform	Outperform	Hold
Apr 17, 2024	Scotiabank	Sector Perform	Sector Perform	Hold
Apr 02, 2024	BMO Capital	Outperform	Outperform	Hold
Jul 17, 2023	BMO Capital	Outperform	Outperform	Hold
Sep 29, 2022	National Bank	Outperform	Outperform	Hold
Jun 17, 2022	RBC Capital	Outperform	Outperform	Hold

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TELUS's last stock rating was published by National Bank on Aug 06, 2024. The company gave TU a "Outperform" rating, the same as its previous rate.

TELUS Financial Forecast

TELUS Revenue Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
Revenue	-	-	-	-	-	-	-	-	-	-	-	$4.92B	$5.02B	$4.64B	$4.37B	$4.26B	$4.46B	$4.25B	$4.11B	$4.02B	$4.06B	$3.96B	$3.66B	$3.66B	$3.83B	$3.69B	$3.59B	$3.49B	$3.35B	$3.19B
Avg Forecast	$5.16B	$5.04B	$4.92B	$4.85B	$5.02B	$5.03B	$5.01B	$5.02B	$5.24B	$5.06B	$4.94B	$4.90B	$4.98B	$4.62B	$4.44B	$4.35B	$4.47B	$4.28B	$4.05B	$3.94B	$4.05B	$3.80B	$3.53B	$3.63B	$3.91B	$3.77B	$3.58B	$3.53B	$3.35B	$3.00B
High Forecast	$5.24B	$5.12B	$4.99B	$4.89B	$5.11B	$5.10B	$5.08B	$5.09B	$5.28B	$5.12B	$5.01B	$4.97B	$5.05B	$4.62B	$4.44B	$4.35B	$4.47B	$4.28B	$4.05B	$3.94B	$4.05B	$3.80B	$3.53B	$3.63B	$3.91B	$3.77B	$3.58B	$3.53B	$4.02B	$3.60B
Low Forecast	$5.10B	$4.98B	$4.86B	$4.81B	$4.92B	$4.97B	$4.94B	$4.95B	$5.19B	$5.01B	$4.88B	$4.84B	$4.92B	$4.62B	$4.44B	$4.35B	$4.47B	$4.28B	$4.05B	$3.94B	$4.05B	$3.80B	$3.53B	$3.63B	$3.91B	$3.77B	$3.58B	$3.53B	$2.68B	$2.40B
# Analysts	1	1	1	2	4	2	4	4	5	7	6	3	2	2	2	2	3	4	5	6	6	8	8	9	12	7	7	8	16	17
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.01%	1.01%	1.00%	0.99%	0.98%	1.00%	0.99%	1.02%	1.02%	1.00%	1.04%	1.04%	1.01%	0.98%	0.98%	1.00%	0.99%	1.00%	1.06%

TELUS's average Quarter revenue forecast for Jun 23 based on 6 analysts is $4.94B, with a low forecast of $4.88B, and a high forecast of $5.01B. TU's average Quarter revenue forecast represents a 0.32% increase compared to the company's last Quarter revenue of $4.92B (Mar 23).

TELUS EBITDA Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	2	4	2	4	4	5	7	6	3	2	2	2	2	3	4	5	6	6	8	8	9	12	7	7	8	16	17
EBITDA	-	-	-	-	-	-	-	-	-	-	-	$1.59B	$1.57B	$1.63B	$1.57B	$1.57B	$1.87B	$1.50B	$1.44B	$1.45B	$1.32B	$1.37B	$1.31B	$1.40B	$1.35B	$1.40B	$1.36B	$1.37B	$1.26B	$1.25B
Avg Forecast	$1.81B	$1.77B	$1.73B	$1.70B	$1.76B	$1.77B	$1.76B	$2.30B	$1.84B	$1.77B	$1.73B	$2.09B	$2.27B	$1.61B	$1.55B	$1.90B	$1.56B	$1.49B	$1.41B	$1.50B	$1.41B	$1.33B	$1.23B	$1.52B	$1.36B	$1.32B	$1.25B	$1.37B	$1.26B	$1.18B
High Forecast	$1.84B	$1.79B	$1.75B	$1.71B	$1.79B	$1.79B	$1.78B	$2.76B	$1.85B	$1.80B	$1.76B	$2.51B	$2.72B	$1.61B	$1.55B	$2.28B	$1.56B	$1.49B	$1.41B	$1.80B	$1.41B	$1.33B	$1.23B	$1.82B	$1.36B	$1.32B	$1.25B	$1.65B	$1.51B	$1.42B
Low Forecast	$1.79B	$1.75B	$1.71B	$1.69B	$1.73B	$1.74B	$1.73B	$1.84B	$1.82B	$1.76B	$1.71B	$1.67B	$1.81B	$1.61B	$1.55B	$1.52B	$1.56B	$1.49B	$1.41B	$1.20B	$1.41B	$1.33B	$1.23B	$1.22B	$1.36B	$1.32B	$1.25B	$1.10B	$1.01B	$946.63M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.76%	0.70%	1.01%	1.01%	0.83%	1.20%	1.00%	1.02%	0.97%	0.93%	1.03%	1.07%	0.92%	0.99%	1.06%	1.09%	1.00%	1.00%	1.06%

6 analysts predict TU's average Quarter EBITDA for Jun 23 to be $1.73B, with a high of $1.76B and a low of $1.71B. This is 8.93% upper than TELUS's previous annual EBITDA (Mar 23) of $1.59B.

TELUS Net Income Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	2	4	2	4	4	5	7	6	3	2	2	2	2	3	4	5	6	6	8	8	9	12	7	7	8	16	17
Net Income	-	-	-	-	-	-	-	-	-	-	-	$217.00M	$248.00M	$514.00M	$468.00M	$385.00M	$663.00M	$345.00M	$335.00M	$331.00M	$260.00M	$307.00M	$290.00M	$350.00M	$368.00M	$433.00M	$517.00M	$428.00M	$410.00M	$433.00M
Avg Forecast	$299.27M	$309.77M	$269.98M	$253.14M	$241.06M	$258.76M	$235.81M	$524.74M	$256.78M	$266.77M	$246.19M	$477.04M	$779.24M	$347.47M	$336.61M	$433.67M	$298.45M	$329.52M	$308.52M	$342.82M	$286.14M	$339.91M	$279.83M	$380.00M	$388.62M	$420.48M	$410.85M	$428.00M	$410.00M	$408.26M
High Forecast	$304.75M	$315.45M	$274.92M	$257.78M	$267.84M	$263.50M	$240.14M	$629.69M	$271.88M	$340.87M	$250.70M	$572.44M	$935.09M	$347.47M	$336.61M	$520.40M	$298.45M	$329.52M	$308.52M	$411.39M	$286.14M	$339.91M	$279.83M	$456.00M	$388.62M	$420.48M	$410.85M	$513.60M	$492.00M	$489.91M
Low Forecast	$294.48M	$304.82M	$265.67M	$239.81M	$214.28M	$254.63M	$232.04M	$419.79M	$241.68M	$207.49M	$242.25M	$381.63M	$623.39M	$347.47M	$336.61M	$346.94M	$298.45M	$329.52M	$308.52M	$274.26M	$286.14M	$339.91M	$279.83M	$304.00M	$388.62M	$420.48M	$410.85M	$342.40M	$328.00M	$326.61M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.45%	0.32%	1.48%	1.39%	0.89%	2.22%	1.05%	1.09%	0.97%	0.91%	0.90%	1.04%	0.92%	0.95%	1.03%	1.26%	1.00%	1.00%	1.06%

TELUS's average Quarter net income forecast for Jun 23 is $246.19M, with a range of $242.25M to $250.70M. TU's average Quarter net income forecast represents a 13.45% increase compared to the company's last Quarter net income of $217.00M (Mar 23).

TELUS SG&A Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	2	4	2	4	4	5	7	6	3	2	2	2	2	3	4	5	6	6	8	8	9	12	7	7	8	16	17
SG&A	-	-	-	-	-	-	-	-	-	-	-	$1.54B	$1.38B	$1.23B	$1.17B	$1.12B	$1.11B	$1.09B	$1.05B	$1.01B	$958.00M	$959.00M	$911.00M	$873.00M	$809.00M	$761.00M	$758.00M	$706.00M	$700.00M	$624.00M
Avg Forecast	$1.32B	$1.29B	$1.26B	$1.24B	$1.28B	$1.29B	$1.28B	$1.61B	$1.34B	$1.29B	$1.26B	$1.46B	$1.34B	$1.18B	$1.13B	$1.33B	$1.14B	$1.09B	$1.03B	$1.05B	$1.03B	$971.27M	$901.22M	$947.83M	$998.85M	$964.68M	$914.80M	$706.00M	$700.00M	$588.34M
High Forecast	$1.34B	$1.31B	$1.28B	$1.25B	$1.31B	$1.30B	$1.30B	$1.93B	$1.35B	$1.31B	$1.28B	$1.76B	$1.61B	$1.18B	$1.13B	$1.60B	$1.14B	$1.09B	$1.03B	$1.26B	$1.03B	$971.27M	$901.22M	$1.14B	$998.85M	$964.68M	$914.80M	$847.20M	$840.00M	$706.01M
Low Forecast	$1.30B	$1.27B	$1.24B	$1.23B	$1.26B	$1.27B	$1.26B	$1.29B	$1.33B	$1.28B	$1.25B	$1.17B	$1.07B	$1.18B	$1.13B	$1.06B	$1.14B	$1.09B	$1.03B	$841.00M	$1.03B	$971.27M	$901.22M	$758.26M	$998.85M	$964.68M	$914.80M	$564.80M	$560.00M	$470.67M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.03%	1.04%	1.03%	0.84%	0.97%	1.00%	1.02%	0.97%	0.93%	0.99%	1.01%	0.92%	0.81%	0.79%	0.83%	1.00%	1.00%	1.06%

TELUS's average Quarter SG&A projection for Jun 23 is $1.26B, based on 6 Wall Street analysts, with a range of $1.25B to $1.28B. The forecast indicates a -18.01% fall compared to TU last annual SG&A of $1.54B (Mar 23).

TELUS EPS Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	2	4	2	4	4	5	7	6	3	2	2	2	2	3	4	5	6	6	8	8	9	12	7	7	8	16	17
EPS	-	-	-	-	-	-	-	-	-	-	-	$0.15	$0.18	$0.37	$0.34	$0.28	$0.49	$0.25	$0.25	$0.25	$0.20	$0.24	$0.23	$0.28	$0.29	$0.36	$0.43	$0.35	$0.34	$0.36
Avg Forecast	$0.20	$0.21	$0.18	$0.17	$0.16	$0.17	$0.16	$0.17	$0.17	$0.18	$0.17	$0.19	$0.21	$0.23	$0.23	$0.24	$0.20	$0.22	$0.21	$0.22	$0.19	$0.23	$0.19	$0.24	$0.26	$0.28	$0.28	$0.28	$0.48	$0.88
High Forecast	$0.21	$0.21	$0.19	$0.17	$0.18	$0.18	$0.16	$0.18	$0.18	$0.23	$0.17	$0.20	$0.21	$0.23	$0.23	$0.24	$0.20	$0.22	$0.21	$0.22	$0.19	$0.23	$0.19	$0.24	$0.26	$0.28	$0.28	$0.28	$0.57	$1.05
Low Forecast	$0.20	$0.21	$0.18	$0.16	$0.14	$0.17	$0.16	$0.17	$0.16	$0.14	$0.16	$0.19	$0.21	$0.23	$0.23	$0.24	$0.20	$0.22	$0.21	$0.22	$0.19	$0.23	$0.19	$0.24	$0.26	$0.28	$0.28	$0.28	$0.39	$0.71
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.78%	0.85%	1.58%	1.50%	1.16%	2.44%	1.13%	1.20%	1.11%	1.04%	1.05%	1.22%	1.15%	1.11%	1.27%	1.56%	1.28%	0.72%	0.41%

According to 6 Wall Street analysts, TELUS's projected average Quarter EPS for Jun 23 is $0.17, with a low estimate of $0.16 and a high estimate of $0.17. This represents a 10.45% increase compared to TU previous annual EPS of $0.15 (Mar 23).

TELUS Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BCE	BCE	$26.84	$49.96	86.14%	Hold
LBRDA	Liberty Broadband	$89.29	$158.00	76.95%	Buy
RCI	Rogers Communications	$36.13	$58.00	60.53%	Buy
TU	TELUS	$15.18	$22.59	48.81%	Buy
AMX	América Móvil	$15.01	$21.60	43.90%	Buy
VIV	Telefônica Brasil	$8.93	$10.70	19.82%	Hold
ORAN	Orange	$11.15	$13.00	16.59%	Buy
VOD	Vodafone Group Public Limited Company	$8.68	$9.50	9.45%	Buy

TU Forecast FAQ

Is TELUS a good buy?

Yes, according to 5 Wall Street analysts, TELUS (TU) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 80.00% of TU's total ratings.

What is TU's price target?

TELUS (TU) average price target is $22.59 with a range of $21.5 to $24, implying a 48.81% from its last price of $15.18. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will TELUS stock go up soon?

According to Wall Street analysts' prediction for TU stock, the company can go up by 48.81% (from the last price of $15.18 to the average price target of $22.59), up by 58.10% based on the highest stock price target, and up by 41.63% based on the lowest stock price target.

Can TELUS stock reach $20?

TU's average twelve months analyst stock price target of $22.59 supports the claim that TELUS can reach $20 in the near future.

What are TELUS's analysts' financial forecasts?

TELUS's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $20.07B (high $20.37B, low $19.79B), average EBITDA is $7.58B (high $8.12B, low $7.04B), average net income is $1.26B (high $1.4B, low $1.12B), average SG&A $5.46B (high $5.84B, low $5.08B), and average EPS is $0.669 (high $0.696, low $0.643). TU's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $19.98B (high $20.23B, low $19.75B), average EBITDA is $7.01B (high $7.1B, low $6.93B), average net income is $1.13B (high $1.15B, low $1.1B), average SG&A $5.11B (high $5.17B, low $5.05B), and average EPS is $0.762 (high $0.776, low $0.743).

Did the TU's actual financial results beat the analysts' financial forecasts?

Based on TELUS's last annual report (Dec 2022), the company's revenue was $18.29B, which missed the average analysts forecast of $18.4B by -0.57%. Apple's EBITDA was $6.32B, missing the average prediction of $7.33B by -13.75%. The company's net income was $1.62B, missing the average estimation of $1.9B by -14.87%. Apple's SG&A was $4.9B, missing the average forecast of $4.99B by -1.76%. Lastly, the company's EPS was $1.27, beating the average prediction of $0.912 by 39.26%. In terms of the last quarterly report (Mar 2023), TELUS's revenue was $4.92B, beating the average analysts' forecast of $4.9B by 0.53%. The company's EBITDA was $1.59B, missing the average prediction of $2.09B by -23.81%. TELUS's net income was $217M, missing the average estimation of $477.04M by -54.51%. The company's SG&A was $1.54B, beating the average forecast of $1.46B by 5.28%. Lastly, the company's EPS was $0.15, missing the average prediction of $0.192 by -21.85%