TSE:T

Telus Corp (T.TO)

14.72
+0.03 (0.20%)
as of Jul 15, 2026, 8:00:00 pm Market Open.
1397 watching
0
Investor Insights
star iconJul 15, 2026, 12:00 am

This summary was created by AI, based on 82 opinions in the last 12 months.

Telus Corp (T-T) is currently facing a challenging environment characterized by intense competition, high debt levels, and concerns over its substantial dividend yield, which has elicited fears of potential cuts. Many experts highlight the company's recent lower performance, positioning it as a utility rather than a growth stock, with the current yield exceeding 9%. Despite the bleak outlook, some analysts maintain a positive stance on the company's long-term potential, driven by asset monetization and a focus on growth in digital and healthcare services. However, doubts about sustainable earnings growth persist, and while there is a consensus that the dividend may be maintained, many question its long-term viability amid elevated payout ratios and fiscal constraints. A new CEO has been appointed, raising expectations for management changes that could reshape the company's future.

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Consensus
Negative
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Valuation
Undervalued
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Similar
BCE
BUY

He likes the wireless companies in Canada. T-T has probably been the most disciplined. Media have not made the desired returns for the competitors. He reduced exposure, selling RCI.B-T due to the 5 G roll-out.

BUY
T-T vs. BCE-T. Why do you own a telco – for income or for growth. These are about as good as it gets for income. Demand for their products is pretty resilient. There might be better opportunities for growth out there. He likes both of them.
DON'T BUY
It pays a dividend, but too much for them to properly cover. Telus has made acquisitions lately to goose up revenue, so they had to raise more equity through equity issues which diluted the shares. Comparing its chart to its peers stretching back to 2003, Telus has been a poor performer. A lot of companies, including Telus, goose dividends to drive shareholder returns, but eventually markets figure this out. Avoid.
HOLD
The Huawei issues and the fact that they are looking at using their equipment has tended to overshadow how we look at the company. It could have an impact on the company, but it is as fluid as the pandemic right now. If you own it you have to keep in mind that this is something that could become a challenge.
HOLD
How will them using Huawei products effect them? Huawei isn't hurting share price, but market sentiment is. Telcos are a stronghold in this lockdown. This is one of the few stocks he'd rely on for income. But don't buy defensive stocks now. It's too late to buy them because we're inside a bear market now (you buy defensives before the bear). Instead, start buying aggressive stocks.
BUY
A good company for the long term. It trades at 17 times earnings. It grows steadily. It is recession resilient business. You could own the stock comfortably here. Yield 5%
BUY
He thinks the telecoms are defensive and they have held up well as a whole. The valuations are not as rich as the utilities (around 16 times earnings). He would own T here. He favours the Canadian telcos as they have a higher dividend in general.
BUY

Telus vs. Bell He owns and likes both equally. Telus has less competition out west, so they enjoy a duopoly with Shaw. Telus has grown its subscriber base well. They will spin off their international division, maybe next year, and they made an acquisition in Germany. A great capital allocator. Bell has the media side, which distinguishes it from Telus. You can buy either now.

WATCH
He likes it a lot. It has a nice yield and its fair market value is 60% higher than the current stock price. The dividend is quite secure and they have a nice balance sheet. The business they are in may not be perfectly stable but it is pretty stable and he thinks the company will come through. $20 is the worse he can see for it.
COMMENT
BCE vs T? Both are great companies and will benefit for the thirst for more data after the crisis. Both are beneficiaries of 5G. T has their Health business and international activity and thinks it is the better buy right now.
TOP PICK
The variance in their earnings, even if the COVID crisis continues, is only 4-6% he feels. They are pretty COVID proof and he likes the dividend. He likes their International and Health products they are developing. Yield 5.1% (Analysts’ price target is $25.96)
BUY

T-T, BCE-T, RCI.B-T, SJR.B-T. Telecom is the sector he is the most bullish on. It's his biggest position. It is the sector that is the most resilient. Online traffic has increased dramatically. T-T would not be the top of his telecom list. He would prefer SJR.B-T, BCE-T, and RCI.B-T because of their media businesses.

TOP PICK
The work from home trend will allow them to get through this successfully. During the last financial crisis they managed to continue to grow and he expects that to happen again. They issued shares back in February, which allowed them to raise cash and likely maintain the dividend. A qqulity company you can hold for the long term. Yield 5.38% (Analysts’ price target is $26.69)
HOLD
Significant equity offering. Will have lots of 5G spending in next 3-4 years. Dividend is safe. Will continue to increase dividend, though dividend growth is slowing as with all telecoms. Yield is 4.5%.
HOLD

Telecoms? Rogers is an interesting name. He owns BCE instead. A push for lower cell phone rates along with greater investment in 5G networks are key headwinds in this sector. Telcoms will face a lot spending to build up 5G, which will impact the financials for the next few years. He likes the dividend they pay, however. If your time horizon is long, then holding is fine.

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