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TSE:T
Telus Corp (T.TO)
Financials 
Technical Analysis 
Aug 25, 2026, 12:00 amThis summary was created by AI, based on 84 opinions in the last 12 months.
Telus Corp (T-T) faces significant scrutiny from analysts following a recent 55% cut in its dividend, which, while easing immediate concerns, leads to questions about long-term sustainability. Experts highlight the company’s challenges, particularly its high payout ratio and the competition in the Canadian telecom industry. While some view Telus as a stable income provider, the lack of organic growth and potential for further dividend cuts weigh heavily on sentiment. The transition to a new CEO raises hopes for restructuring and asset sales, but many analysts suggest caution due to the broader economic pressures affecting the telecom sector. Overall, while Telus holds value for income-focused investors, concerns about revenue stagnation and high debt persist, leading to a complex outlook for the company.
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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.