TSE:T
Telus Corp (T.TO)
Financials 
Technical Analysis 
Jun 24, 2026, 12:00 amThis summary was created by AI, based on 81 opinions in the last 12 months.
Experts have mixed opinions on Telus Corp (T-T), with many expressing concerns about its high dividend yield, which they believe may not be sustainable in the long term. There are worries about the company's significant debt and the saturation in the telecom market, which limits growth potential. The recent appointment of a new CEO has generated hopes for management changes and potential optimization of the balance sheet, including possible dividend cuts, which could improve financial flexibility. Despite these concerns, Telus is often viewed as a solid long-term hold for income-focused investors, with analysts noting its defensive characteristics in a challenging economic climate. Some consider its current valuation appealing, suggesting that it may present an opportunity for investors looking to accumulate shares at a lower price point.
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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%.
He recently switched from BCE to Telus, a subtle change. Telus has a bit better growth dynamics with healthcare and TIXT. Finished fibre to the home capex, so free cashflow should increase. Great free cashflow with excellent yield. Oversold. Best in class of all the telcos.
If you had $0 in the market, this would be a good place to start. Interest rates stabilizing will help. Not cheap, but not as expensive as historically. People are travelling, so roaming fees are higher. Immigration is moving West, and Telus tends to be dominant in the West.
Paul Gardner, CFA
Trades a premium to its peers because it has grown faster historically and have been quicker to deliver fibre to homes. But it lacks TV stations and sports teams which Rogers and BCE have. Good profit margins and ROE, but the balance sheet has too much and the PE is 21x PE, much higher than its peers. Pays a 6.5% dividend, but not his first choice.
Telus, BCE, and Rogers are all competing for market share. Telus and BCE are in a really good position in that race. People are loathe to give up cell phones. Telus has diversified. Repriced to the point where it's attractive. Well managed. Yield of 6.5% is not bad.
Michael SprungRising interest rates have put pressure on stock price. Believes stock price is historically cheap. Canadian immigration will see growth in company. Likes company for the long term. Buying shares at the current price.
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Canadian 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.