TSE:T
Telus Corp (T.TO)
Financials 
Technical Analysis 
Aug 5, 2026, 12:00 amThis summary was created by AI, based on 83 opinions in the last 12 months.
Telus Corp has seen a turbulent time recently, largely driven by concerns over its dividend sustainability amidst high debt levels and a challenging telecom environment marked by price competition and regulatory hurdles. A significant dividend cut has been anticipated, leading many experts to fear that the current yield, which hovers around 7-11%, may not be sustainable in the long term. Analysts are divided, with some viewing the incoming CEO as a potential catalyst for positive changes, while others remain skeptical about the company's future growth prospects. Overall, investors are advised to either hold on for now or accumulate shares gradually as they watch for improvements in cash flow and debt management. The long-term outlook may be promising if Telus can successfully monetize non-core assets and stabilize its financial position.
Generates 85% of revenue from services, 15% from hardware. Third-party partners help distribution across the country. Population increase should boost sales. Usually trades at premium to peers, as it tends to grow faster. Nice yield of 6.5%, best dividend grower in the sector. 24x earnings multiple, too high. He prefers BCE.
Lacks TV assets and sports teams. Acquisition solidified it as a leader in digital health. Returns are market average, quite a bit of debt (though less than peers).
Interest-rate sensitivity. Disappointing. Avoid right now. If it starts going up and you want to diversify, you could start building a position, but don't have a lot of expectations until rates start coming down. Not too worried about the dividend.
Huge red flag if drops below $22.50. If interest rates come down, limited upside potential to $26-27.
Canada's top-performing telco for the last 5 years. Pays around a 6% dividend, lower than its peers actually. Trades at a slight premium to peers, but deserved because it grows faster, like its dividend 8% compounded over the last decade. Balance sheet remains strong, so it has free cash flow this and next year so they can increase their dividend, retire debt, buy companies and/or shares. They bought LifeWorks over a year ago, for example, to diversify away from cell phones.
Brian MaddenDifficult 2023 with high rates. Bouncing back. 2024 should be a good year for telecoms as interest rates come down. Never given credit for businesses it's grown internally. Likes it here. Benefits from 5G still to come to fruition over the next few years. Very nice dividend, regularly increased. Yield's around 5.2%.
Paul Harris, CFAClose in valuations. Owns and likes both, but Telus a little better at these levels, as it has not as much capex ahead plus diversified businesses. BCE has more debt. Looking to increase weight of Telus. Both seem to be bottoming. Regulatory looks tougher going ahead. Be wary of any slowing in immigration, especially with any change in government.
Not the total return stories of the past 5-6 years, but good solid dividend yield. Start picking away at half positions.
Ryan BushellLikes it. They have higher exposure to wireless than wireline, likes their business mix vs. their peers. These dividend stocks saw a boost when interest rates declined last November-December, and the whole group can trend higher if rates keep falling. He sold a lot of dividend stocks in early 2021 and hasn't moved back in.
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentCanadian dividends
It's no secret that rising interest rates punished dividend stocks in 2023, but the dynamic is already reversing. Telus shares have jumped over 7% since the late-October market bottom though still lost nearly 10% over 2023. That's an accomplishment of sorts, given that its EPS slid 62% in the past year. Still, Telus' retains a safe 6.38% dividend yield and investor sentiment towards the entire sector is now positive. Analysts clock in at 13 buys, two overweights and two holds, with a price target of $27.03, a fair move from its Dec. 29 close of $23.58. Another tailwing is strong immigration flowing into Canada, which means more customers for the telcos. Even if Telus falls short of that projection, investors are collecting a tidy dividend. Another one to consider in this space is BCE.
Has been steady over the years and pays a good dividend, though anything sensitive to interest rates was punished last year. He's owned this in the past and is worth owning now. Pays a steady dividend, better than what bonds and HISA pay. Rates appear to be coming down. Hang on, if you own.
Investors concerned with extra competition in wireless sector. Strong dividend a bright spot for investors. Will continue to own in portfolio. Increasing interest rates also tough on business (falling interest rates will be good). Demand for services not going away, especially with growing population. Scored 8/10 on fundamentals. Estimating ~13% upside.
Brianne GardnerAll Canadian telco stocks have moved in tandem, all facing the same headwinds. Higher interest rates mean less money to reinvest in the business or pay out in dividends. Higher expenses for 5G rollout. Very competitive space. Good for portfolio stability, but don't back the truck up. Yield close to 6.3%.
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
A utility-type stock and that isn't what he buys. He buys companies that grow 15% yearly. Telus is a great company, reasonably priced and pays a good 5% dividend. You can't do wrong owning this. Safe.