TSE:T

Telus Corp (T.TO)

16.02
-0.28 (1.72%)
as of Jun 24, 2026, 8:00:00 pm Market Open.
1396 watching
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Investor Insights
star iconJun 24, 2026, 12:00 am

This 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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Consensus
Hold
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Valuation
Fair Value
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Similar
Rogers,RCI.B
WEAK BUY

Amongst the telecom players, BCE has its 6% dividend, RCI.B has a 3% dividend but perhaps a more robust growth rate and more diversified income stream. Telus is in the middle with a 4% yield. Doesn't know if it has the growth trajectory to give you superior returns. Sure, it'll be fine, but the other two are better bets.

BUY

The top telco success story in Canada. They spun out their international business last year. They pay a good dividend yield. They achieved over 100,000 new subscribers last quarter. Canadian telcos enjoy an oligopoly.

BUY

A good runway for Canadian telcos. Shares are down 10% in the past year, because rates are moving higher. But rates will calm and even decline later this year. Telus's dividend will grow. Likes this stock. Good cash flow and steady dividends.

TOP PICK

Stable company. Rose last year on hype surrounding investments in agriculture and healthcare, but he likes those investments. Telus is using its tech know-how to expand opportunities in other business-use cases. Core business looks good. Further ahead than BCE on fibre build, capex starting to come down, free cashflow starting to rise. Dividend growth at 7-8% annually is best in sector. At these levels, buy at full weight. Yield is 4.89%. 

(Analysts’ price target is $32.53)
BUY
He owns and likes both BCE and Telus. Telus is growing faster but trades at a higher valuation. Strong immigration will help both companies to grow. Both have good dividends. One issue is the ongoing debate as to why Canadians pay so much for cell phones and the government may interfere with legislation forcing lower prices.
BUY
A growth company compared to the three telecoms. Good dividend and more defensive than its peers. Rogers has ownership issues. Telus has invested in infrastructure that will pay off with revenues and lower expenses. He doesn't own any telcos in Canada.
BUY
He really likes Telus phone service. Not as sexy as Rogers with the sports team, but it's done very well. Again, buy stocks in companies that you use and whose work and products you like.
BUY
Steady, consistent dividend growth. At times, lower yield than BCE because the dividend grows faster. Diversifying away from wireline. Below the radar, it's in home security and healthcare. Core telco is sleepy, but these other businesses accelerate organic growth rate. Exactly what you want to own, right here right now, going into an economic downturn.
PAST TOP PICK
(A Top Pick Sep 30/22, Up 4%) Believes company has strong recurring revenue business model. Is a defensive stock that will hold up. Everybody owns a phone these days which increases demand for services. High subscriber base and strong dividend yield (5%).
BUY
Has strong dividend. Good chart. Good company to invest in (everyone uses a cellphone). Recent price correction putting pressure on stock.
BUY
Canadian telcos face some pressure in capex for 5G. But Telus is branching into various businesses like health and agriculture very well. It's a safe place to invest in and pays over a 4% dividend yield. A good place to invest money to withstand a downturn.
BUY
Favourite play in the Canadian telco space. Great job of capital allocation with spinoff of TIXT. Considering spinoff of healthcare division, additive to shareholders. Free cashflow starting to come up a lot next year. Roaming charges have returned. Expecting good results.
WEAK BUY
T vs. BCE vs. RCI.B 3 great companies. Lots of drama with RCI.B, valuation is the most attractive, you have to buy it. BCE is doing great things, becoming more of a utility over time, sets up well. Telus doing everything right, but high valuation, best executor, but not as much upside. All are buys, in order: RCI.B, BCE, then Telus.
BUY
Telcos are right up there in his dividend strategy. Don't buy it if you think interest rates will continue higher, but he thinks we're getting to peak hawkishness. Attractive time to buy, as you might get the tailwind of falling rates next few quarters.
TOP PICK
Owns shares in the company herself. Great business that does well in recessionary environment. Stable earnings with high dividend yield.
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