TELUS CORP (T.CA) Forecast, Price Target & Analyst Ratings

TSX:T • CA87971M1032

Current stock price

17.85 CAD
-0.26 (-1.44%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TELUS CORP (T.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$21.35
+ 19.60% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 4, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.23
Revenue Estimate
5.246B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
70.43%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$21.35
Upside
+ 19.60%
From current price of CA$17.85 to mean target of CA$21.35, Based on 23 analyst forecasts
Low
CA$17.17
Median
CA$21.42
High
CA$25.20

Price Target Revisions

1 Month
-2.33%
3 Months
-7.34%

Price Target Summary

23 Wall Street analysts provided a forecast for the next 12 months for T.CA. The average price target is 21.35 CAD. This implies a price increase of 19.6% is expected in the next year compared to the current price of 17.85.
The average price target has been revised downward by 7.34% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

T Current Analyst RatingT Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

T Historical Analyst RatingsT Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
70.43%
T.CA was analyzed by 23 analysts. The buy percentage consensus is at 70. So analysts seem to be have mildly positive about T.CA.
In the previous month the buy percentage consensus was at a similar level.
T.CA was analyzed by 23 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-01-27CIBC Capital MarketsMaintains Outperform -> Outperform
2025-12-12TD CowenMaintains Buy -> Buy
2025-09-15SCOTIABANK GBMMaintains Outperform -> Outperform
2022-12-14TD ResearchMaintains Buy
2022-11-08BMO FinancialDowngrade
2022-11-07RBC RoyalbankUpgrade Outperform
2022-11-07National Bank of Canada FinancialUpgrade Outperform
2022-11-07TD ResearchDowngrade Buy
2022-11-07CIBC Capital MarketsUpgrade Neutral
2022-11-07Scotiabank CapitalUpgrade
2022-11-07STA ResearchMaintains Hold
2022-10-26CIBC Capital MarketsDowngrade
2022-10-20Canaccord CapitalDowngrade Strong Buy
2022-10-11Scotiabank CapitalDowngrade
2022-10-07STA ResearchDowngrade Hold
2022-09-29National Bank of Canada FinancialDowngrade Outperform
2022-09-06CIBC Capital MarketsDowngrade Neutral
2022-09-06Scotiabank CapitalUpgrade Outperform
2022-09-06STA ResearchMaintains Hold
2022-08-08TD ResearchUpgrade Buy
2022-08-08Scotiabank CapitalMaintains Outperform
2022-08-08MorningstarMaintains Buy
2022-08-08STA ResearchMaintains Hold
2022-07-01STA ResearchDowngrade Hold
2022-06-20MorningstarUpgrade Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 4, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.23
Revenue Estimate
5.246B
Revenue Q2Q
4.54%
EPS Q2Q
-11.62%
Number of Analysts
14

Next Earnings Revisions

Revenue (1 Month)
-0.08%
Revenue (3 Months)
-0.61%
EPS (1 Month)
-3.14%
EPS (3 Months)
-9.71%

Next Earnings Summary

T.CA is expected to report earnings on 5/4/2026. The consensus EPS estimate for the next earnings is 0.23 CAD and the consensus revenue estimate is 5.25B CAD.
The next earnings revenue estimate has been revised downward by 0.61% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
T.CA revenue by date.T.CA revenue by date.
20.005B
9.36%		20.139B
0.67%		20.346B
1.03%		21.396B
5.16%		22.001B
2.83%		22.603B
2.74%		23.615B
4.48%		24.326B
3.01%		24.646B
1.32%		25.262B
2.50%		25.893B
2.50%
EBITDA
YoY % growth
T.CA ebitda by date.T.CA ebitda by date.
7.055B
6.22%		7.279B
3.18%		7.268B
-0.15%		7.758B
6.74%		8.013B
3.29%		8.186B
2.16%		8.416B
2.81%		8.655B
2.84%		8.907B
2.91%		9.16B
2.84%		9.034B
-1.38%
EBIT
YoY % growth
T.CA ebit by date.T.CA ebit by date.
2.986B
-6.39%		3.243B
8.61%		3.209B
-1.05%		3.246B
1.15%		3.492B
7.58%		3.829B
9.65%		3.722B
-2.79%		4.02B
8.01%		N/AN/AN/A
Operating Margin
T.CA operating margin by date.T.CA operating margin by date.
14.93%16.10%15.77%15.17%15.87%16.94%15.76%16.53%N/AN/AN/A
EPS
YoY % growth
T.CA eps by date.T.CA eps by date.
0.95
-20.17%		1.04
9.47%		0.92
-11.54%		0.95
3.11%		1.08
14.13%		1.22
12.38%		1.42
17.00%		1.58
10.79%		N/AN/AN/A

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		0.23
-11.62%		0.21
-3.15%		0.28
17.09%		0.29
43.82%		0.23
2.10%		0.23
10.10%		0.29
1.63%		0.28
-4.26%
Revenue
Q2Q % growth		5.246B
4.54%		5.277B
3.84%		5.312B
4.03%		N/AN/AN/AN/AN/A
EBITDA
Q2Q % growth		1.917B
5.56%		1.896B
-32.29%		1.998B
-47.68%		1.973B
-59.12%		1.943B
1.36%		1.945B
2.58%		2.047B
2.45%		2.031B
2.94%
EBIT
Q2Q % growth		782.5M
-5.04%		741.67M
-7.75%		894.64M
10.18%		N/AN/AN/AN/AN/A

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

T.CA Yearly Revenue VS EstimatesT.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B 25B
T.CA Yearly EPS VS EstimatesT.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.5 1 1.5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
9.77%
EPS Next 5 Year
11.38%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
2.38%
Revenue Next 5 Year
2.92%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
37.89%
EBIT Next 5 Year
22.62%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

TELUS CORP / T.CA Forecast FAQ

Can you provide the average price target for TELUS CORP stock?

23 analysts have analysed T.CA and the average price target is 21.35 CAD. This implies a price increase of 19.6% is expected in the next year compared to the current price of 17.85.

When does TELUS CORP (T.CA) report earnings?

TELUS CORP (T.CA) will report earnings on 2026-05-04.

Can you provide the consensus estimates for TELUS CORP next earnings?

The consensus EPS estimate for the next earnings of TELUS CORP (T.CA) is 0.23 CAD and the consensus revenue estimate is 5.25B CAD.

What is the consensus rating for T stock?

The consensus rating for TELUS CORP (T.CA) is 70.4348 / 100 . This indicates that analysts generally have a positive outlook on the stock.