TSE:T

Telus Corp (T.TO)

17.09
-0.01 (0.06%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 77 opinions in the last 12 months.

Telus Corp (T-T) has faced significant scrutiny from analysts regarding its dividend sustainability and overall growth potential. Many experts express concerns about the company's heavy debt loads and competitive pressures within the telecom sector, leading to a consensus that a dividend cut may be forthcoming to improve financial flexibility. Despite these challenges, some analysts appreciate the company's long-term asset potential and the new CEO's ability to possibly drive positive changes. The stock's high dividend yield, hovering around 9%, attracts income-focused investors, yet uncertainties about future performance dominate expert opinions. While there are those who see potential in asset monetization, the prevailing sentiment suggests caution as the telecom landscape remains highly competitive and challenged by regulatory issues.

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Consensus
Caution
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Valuation
Fair Value
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Similar
Rogers, RCI.B
HOLD
Telcos are pretty defensive, so he wouldn't be too concerned in a recession. But, do you put new money in right now? It's not cheap, but a great dividend that's expected to grow. If you own it, he wouldn't add more, but you can sell calls on it for a nice second stream of income.
BUY ON WEAKNESS

Telus vs Rogers? He prefers neither. The valuation is too rich. He sold his Rogers around $72. He would prefer Telus as it is more diversified and does not have the struggles of content issues. He would actually buy Shaw instead as they enter the wireless space. He would buy all three on weakness, but enter Shaw today.

WEAK BUY
The Canadian telcos offer 1-3% growth + 5% dividend yield. The sector has done okay this year as people seek safety and yield. You can hold this for the dividend.
COMMENT

It's OK, but he prefers BCE. BCE is more of a national company, whereas Telus is focused in the west.

TOP PICK
It's had two tests of support (200-week moving average) around $44. It's showing higher highs and higher lows. It could push up to $50. The risk is up, not down though it could take time. (Analysts’ price target is $52.87)
HOLD
Likes it. Yield is 4.64%, with growth of 4-5%. Beta is 0.71. Lower volatility. (Analysts’ price target is $52.87)
BUY
This has been a dividend play for years. They did a really great job of growing it over time. The defensive sectors are very expensive. Telecoms have that group risk built into them. But he prefers to focus on stocks that have a higher divined growth rate. The total return over the next few years should be pretty decent.
COMMENT
Given the lower rates offered to consumers by Canadian telcos. Investors think the rate cuts (unlimited rates for broadband) it'll cut into their profitablility, but this model has existed in the US for a long time and the American carriers are still very successful. The Canadian telcos needed to correct its offerings to consumers in this way. He prefers Rogers, whose stock has performed a little better. Bell is spending more in laying fibre, while Rogers is spending on 5G.
DON'T BUY
It's overvalued relative to its earnings. $38.50 is his model price, far below its current price. Pays a 4.26% yield. Telus can cover its dividend, but it is way too expensive. He would buy at $40, not now.
HOLD
Like it. Could have bought Corus Entertainment. Relatively low growth but a safe dividend.
BUY
He thinks in a lower interest rate environment, should see some stock appreciation. This is a good name to own.
BUY
Though near its all-time high, you could still open a position today. Most recent quarter they reaffirmed dividend growth rate of 7-10% for next 3 years. Payout ratio is expected to go down. Free cash flow is expected to double over the next 3 years. The stock probably has some upside.
COMMENT

A good income stream? He owns Telus instead of Rogers. He is studying the whole rollover of the wireless business in Canada. Prices are starting to drop on increased competitive pressures. It might be early to enter the space. He would prefer BCE-T or T-T.

HOLD

BCE vs. Telus vs. Verizon He owns all three plus AT&T. Verizon is still the #1 network in the U.S. and still pays a great dividend. All three will continue to do a good job. If you own them, hold them.

COMMENT
It is in a very competitive market. Recent results suggest the move to streaming is weighing on Shaw. There is increasing competition in the wireless space. It is too early to tell how they will do here. It is an oligopolistic industry so there are some limits to how high rates can go from here. It has a yield in excess of 4%. He would prefer to look at BCE-T or T-T instead.
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