TELUS (TU) Stock Forecast, Price Target & Predictions
TU Stock Forecast
TELUS stock forecast is as follows: an average price target of $22.59 (represents a 33.91% upside from TU’s last price of $16.87) 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 33.91% upside from TU's last price of $16.87.
TU Analyst Ratings
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% | 27.45% |
| Apr 02, 2024 | Tim Casey | BMO Capital | $24.00 | $15.89 | 51.04% | 42.26% |
| Jul 28, 2021 | Simon Flannery | Morgan Stanley | $22.28 | $21.35 | 4.36% | 32.07% |
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 27.45% increase from TU last price ($16.87).
TELUS Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $21.50 | $22.75 |
| Last Closing Price | $16.87 | $16.87 | $16.87 |
| Upside/Downside | -100.00% | 27.45% | 34.85% |
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 $16.87. This month's average price target is down -100.00% 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 |
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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $3.71B | $3.59B |
| Avg Forecast | $5.37B | $5.15B | $5.08B | $5.00B | $5.18B | $5.11B | $5.01B | $5.02B | $5.24B | $5.06B | $4.94B | $4.90B | $4.98B | $4.62B | $4.44B | $3.48B | $3.51B | $3.38B | $3.27B | $3.14B | $3.17B | $2.86B | $2.60B | $2.56B | $2.98B | $2.85B | $2.73B | $2.63B | $3.71B | $3.49B |
| High Forecast | $5.51B | $5.28B | $5.20B | $5.13B | $5.31B | $5.20B | $5.13B | $5.14B | $5.28B | $5.12B | $5.07B | $5.02B | $5.11B | $4.74B | $4.44B | $3.51B | $3.53B | $3.41B | $3.30B | $3.16B | $3.19B | $2.88B | $2.62B | $2.58B | $3.00B | $2.87B | $2.75B | $2.66B | $4.46B | $4.19B |
| Low Forecast | $5.30B | $5.09B | $5.01B | $4.93B | $5.11B | $5.04B | $4.94B | $4.95B | $5.19B | $5.01B | $4.88B | $4.83B | $4.92B | $4.56B | $4.44B | $3.46B | $3.48B | $3.36B | $3.25B | $3.12B | $3.15B | $2.84B | $2.58B | $2.55B | $2.96B | $2.83B | $2.71B | $2.62B | $2.97B | $2.80B |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 12 | 13 | 16 | 9 | 9 | 8 | 9 | 13 | 8 | 19 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 1.00% | 0.99% | 1.22% | 1.27% | 1.26% | 1.26% | 1.28% | 1.28% | 1.39% | 1.41% | 1.43% | 1.28% | 1.29% | 1.31% | 1.32% | 1.00% | 1.03% |
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 $5.07B. 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 12 | 13 | 16 | 9 | 9 | 8 | 9 | 13 | 8 | 19 | 12 |
| 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 | $1.22B | $1.31B |
| Avg Forecast | $1.87B | $1.80B | $1.77B | $1.74B | $1.81B | $1.78B | $1.75B | $2.30B | $1.83B | $1.76B | $1.72B | $2.09B | $1.74B | $1.57B | $1.55B | $1.90B | $2.06B | $1.43B | $1.44B | $1.50B | $1.47B | $1.50B | $1.37B | $1.52B | $1.35B | $1.40B | $1.39B | $1.37B | $1.22B | $1.27B |
| High Forecast | $1.92B | $1.84B | $1.82B | $1.79B | $1.85B | $1.81B | $1.79B | $2.76B | $1.84B | $1.79B | $1.77B | $2.51B | $1.78B | $1.88B | $1.55B | $2.28B | $2.47B | $1.71B | $1.73B | $1.80B | $1.77B | $1.80B | $1.64B | $1.82B | $1.62B | $1.68B | $1.67B | $1.65B | $1.47B | $1.53B |
| Low Forecast | $1.85B | $1.78B | $1.75B | $1.72B | $1.78B | $1.76B | $1.72B | $1.84B | $1.81B | $1.75B | $1.70B | $1.67B | $1.72B | $1.26B | $1.55B | $1.52B | $1.65B | $1.14B | $1.15B | $1.20B | $1.18B | $1.20B | $1.09B | $1.22B | $1.08B | $1.12B | $1.12B | $1.10B | $978.40M | $1.02B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 0.91% | 1.04% | 1.01% | 0.83% | 0.91% | 1.05% | 1.00% | 0.97% | 0.89% | 0.91% | 0.96% | 0.92% | 1.00% | 1.00% | 0.97% | 1.00% | 1.00% | 1.03% |
6 analysts predict TU's average Quarter EBITDA for Jun 23 to be $1.72B, with a high of $1.77B and a low of $1.70B. This is 8.35% 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 12 | 13 | 16 | 9 | 9 | 8 | 9 | 13 | 8 | 19 | 12 |
| 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 | $357.00M | $443.00M |
| Avg Forecast | $326.89M | $324.04M | $275.28M | $273.38M | $259.32M | $264.88M | $235.81M | $524.74M | $256.78M | $266.77M | $246.19M | $477.04M | $313.09M | $362.25M | $334.80M | $433.67M | $708.40M | $329.32M | $335.00M | $342.82M | $291.20M | $336.71M | $301.15M | $380.00M | $368.00M | $433.00M | $531.36M | $428.00M | $357.00M | $430.69M |
| High Forecast | $337.59M | $334.65M | $284.29M | $282.33M | $267.81M | $292.76M | $243.53M | $629.69M | $271.88M | $340.87M | $254.24M | $572.44M | $323.34M | $434.70M | $334.80M | $520.40M | $850.08M | $395.18M | $402.00M | $411.39M | $349.44M | $404.05M | $361.38M | $456.00M | $441.60M | $519.60M | $637.63M | $513.60M | $428.40M | $516.83M |
| Low Forecast | $321.33M | $318.52M | $270.60M | $268.73M | $254.91M | $237.00M | $231.80M | $419.79M | $241.68M | $207.49M | $242.00M | $381.63M | $307.75M | $289.80M | $334.80M | $346.94M | $566.72M | $263.45M | $268.00M | $274.26M | $232.96M | $269.37M | $240.92M | $304.00M | $294.40M | $346.40M | $425.09M | $342.40M | $285.60M | $344.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.45% | 0.79% | 1.42% | 1.40% | 0.89% | 0.94% | 1.05% | 1.00% | 0.97% | 0.89% | 0.91% | 0.96% | 0.92% | 1.00% | 1.00% | 0.97% | 1.00% | 1.00% | 1.03% |
TELUS's average Quarter net income forecast for Jun 23 is $246.19M, with a range of $242.00M to $254.24M. 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 12 | 13 | 16 | 9 | 9 | 8 | 9 | 13 | 8 | 19 | 12 |
| 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 | $745.00M | $740.00M |
| Avg Forecast | $1.37B | $1.32B | $1.30B | $1.28B | $1.32B | $1.30B | $1.28B | $1.61B | $1.34B | $1.29B | $1.26B | $1.46B | $1.27B | $1.15B | $1.13B | $1.33B | $1.22B | $1.05B | $1.05B | $1.05B | $1.07B | $1.05B | $946.04M | $947.83M | $809.00M | $761.00M | $779.06M | $706.00M | $745.00M | $719.44M |
| High Forecast | $1.41B | $1.35B | $1.33B | $1.31B | $1.36B | $1.33B | $1.31B | $1.93B | $1.35B | $1.31B | $1.29B | $1.76B | $1.31B | $1.38B | $1.13B | $1.60B | $1.46B | $1.25B | $1.26B | $1.26B | $1.29B | $1.26B | $1.14B | $1.14B | $970.80M | $913.20M | $934.87M | $847.20M | $894.00M | $863.33M |
| Low Forecast | $1.36B | $1.30B | $1.28B | $1.26B | $1.31B | $1.29B | $1.26B | $1.29B | $1.33B | $1.28B | $1.25B | $1.17B | $1.26B | $919.80M | $1.13B | $1.06B | $975.04M | $836.18M | $840.80M | $841.00M | $858.37M | $841.45M | $756.83M | $758.26M | $647.20M | $608.80M | $623.24M | $564.80M | $596.00M | $575.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.08% | 1.07% | 1.03% | 0.84% | 0.91% | 1.05% | 1.00% | 0.97% | 0.89% | 0.91% | 0.96% | 0.92% | 1.00% | 1.00% | 0.97% | 1.00% | 1.00% | 1.03% |
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 $1.29B. 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 12 | 13 | 16 | 9 | 9 | 8 | 9 | 13 | 8 | 19 | 12 |
| 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 | $0.30 | $0.37 |
| Avg Forecast | $0.22 | $0.22 | $0.19 | $0.18 | $0.17 | $0.18 | $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 | $0.44 | $0.45 |
| High Forecast | $0.23 | $0.23 | $0.19 | $0.19 | $0.18 | $0.20 | $0.16 | $0.18 | $0.18 | $0.23 | $0.17 | $0.20 | $0.22 | $0.24 | $0.23 | $0.24 | $0.20 | $0.22 | $0.21 | $0.23 | $0.19 | $0.23 | $0.19 | $0.25 | $0.26 | $0.29 | $0.28 | $0.28 | $0.53 | $0.54 |
| Low Forecast | $0.22 | $0.21 | $0.18 | $0.18 | $0.17 | $0.16 | $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 | $0.27 | $0.28 | $0.35 | $0.36 |
| 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% | 0.68% | 0.82% |
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 |
|---|---|---|---|---|---|
| LBRDA | Liberty Broadband | $59.49 | $158.00 | 165.59% | Buy |
| BCE | BCE | $35.75 | $49.96 | 39.75% | Hold |
| AMX | América Móvil | $16.17 | $21.92 | 35.56% | Buy |
| TU | TELUS | $16.86 | $22.59 | 33.99% | Buy |
| RCI | Rogers Communications | $40.89 | $46.00 | 12.50% | Buy |
| VIV | Telefônica Brasil | $9.79 | $11.00 | 12.36% | Buy |
| ORAN | Orange | $11.94 | $13.00 | 8.88% | Buy |
| VOD | Vodafone Group Public Limited Company | $9.97 | $9.50 | -4.71% | 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 33.91% from its last price of $16.87. 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 33.91% (from the last price of $16.87 to the average price target of $22.59), up by 42.26% based on the highest stock price target, and up by 27.45% based on the lowest stock price target.
Can TELUS stock reach $30?
TU's average twelve months analyst stock price target of $22.59 does not support the claim that TELUS can reach $30 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 $20.31B (high $20.78B, low $20.04B), average EBITDA is $7.63B (high $8.21B, low $7.1B), average net income is $1.28B (high $1.43B, low $1.14B), average SG&A $5.52B (high $5.93B, low $5.14B), and average EPS is $0.685 (high $0.721, low $0.658). TU's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $20.6B (high $21.12B, low $20.33B), average EBITDA is $7.19B (high $7.37B, low $7.09B), average net income is $1.2B (high $1.24B, low $1.18B), average SG&A $5.27B (high $5.4B, low $5.2B), and average EPS is $0.807 (high $0.834, low $0.794).
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, beating the average analysts forecast of $17.53B by 4.36%. Apple's EBITDA was $6.32B, missing the average prediction of $6.76B by -6.49%. The company's net income was $1.62B, beating the average estimation of $1.44B by 11.86%. Apple's SG&A was $4.9B, beating the average forecast of $4.89B by 0.23%. 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%