Is Telus stock a buy right now?
As of early May 2025, Telus Corporation (T.TO) is trading near CA$21.10, with a robust average daily volume of 4.46 million shares—a testament to sustained investor interest in one of Canada’s telecommunications powerhouses. Recent results highlight stable operating momentum, with operating revenues rising 3.5% year-over-year to $5.4 billion in the latest quarter and free cash flow up 12% for 2024. Notably, customer growth remains strong, with over 1.2 million net additions in 2024—underscoring Telus’s resilience amid competitive and regulatory pressures. Meanwhile, healthy expansion in Telus Health and Agriculture signals thoughtful diversification beyond the core telecom sector. Technical indicators show the stock trading above key moving averages, suggesting relative strength, even as short-term signals like MACD remain cautious. Market sentiment has been constructive, bolstered by stable dividends and clear guidance for 2025: forecasted EBITDA and revenue growth, and ongoing deleveraging efforts. The consensus of over 28 national and international banks puts the Telus target price at approximately CA$27.45, reflecting confidence in management’s strategy and sector positioning. As the telecom sector navigates digital transformation and 5G expansion, Telus’s execution and yield-oriented approach may warrant consideration by investors seeking both income and long-term growth.
- Consistent dividend growth, currently yielding a substantial 7.63%.
- Healthy customer additions: over 1.2 million net gain in 2024.
- Expansion beyond telecom into health and agriculture technology.
- Strong free cash flow, supporting both dividends and deleveraging.
- Above-average resilience in a competitive Canadian telecom market.
- Dividend payout ratio remains high, requiring continued earnings momentum.
- Elevated debt levels as the company invests in growth initiatives.
- What is Telus?
- How much is Telus stock?
- Our full analysis on Telus </b>stock
- How to buy Telus stock in Canada?
- Our 7 tips for buying Telus stock
- The latest news about Telus
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of Telus for over three years. Each month, hundreds of thousands of Canadians count on us to analyze market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Telus.
What is Telus?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Canadian | TELUS is based in Vancouver and operates mainly within Canada. |
| 💼 Market | TSX: T, NYSE: TU | Listed in Toronto and New York, providing liquidity and accessibility to investors. |
| 🏛️ ISIN code | 87971M103 | Unique identifier for TELUS shares in global financial markets. |
| 👤 CEO | Darren Entwistle | Longest-serving CEO in global telecom, driving vision and operational continuity. |
| 🏢 Market cap | CA$32.13 billion | Large-cap status offers stability, but growth may be slower compared to smaller firms. |
| 📈 Revenue | CA$5.4 billion (Q4 2024); CA$21.2 billion (2024 est.) | Stable top-line growth, supported by customer additions and new business segments. |
| 💹 EBITDA | CA$2.06 billion (Q4 2024 annualized); CA$7.8 billion (2024 est.) | EBITDA margin expanding, signaling cost efficiency and improved profitability. |
| 📊 P/E Ratio (Price/Earnings) | 31.49 (Trailing); 20.58 (Forward) | High trailing P/E reflects past earnings pressure; lower forward P/E signals profit recovery. |
How much is Telus stock?
The price of Telus stock is rising this week. As of today, Telus shares are trading at CA$21.10, with a 24-hour decline of CA$0.12 (-0.56%) but a weekly gain from CA$20.65. The company's market capitalization stands at CA$32.13 billion, with an average three-month trading volume of 4.46 million shares. Telus has a P/E ratio of 31.49, a generous dividend yield of 7.63%, and a stock beta of 0.82, indicating lower volatility. These factors suggest Telus could appeal to Canadian investors seeking income and stability, though keeping an eye on market movements remains important.
Compare the best brokers in Canada!Compare brokersOur full analysis on Telus stock
Having reviewed Telus Corporation’s latest financial results and evaluated the stock’s performance over the past three years, our proprietary analysis incorporates key financial metrics, technical signals, market data, and competitive positioning to offer a holistic assessment. Leveraging insights from Telus’s robust operational and strategic trajectory, as well as sector-wide developments, we’ve identified several bullish signals that are reshaping the investment conversation around this Canadian telecommunications leader. So, why might Telus stock once again become a strategic entry point into the Canadian technology and telecom sector in 2025?
Recent Performance and Market Context
Telus has demonstrated notable resilience and adaptability amid a changing telecommunications landscape. As of May 2, 2025, Telus shares trade at CA$21.10, up from their 52-week low of CA$19.10—a recovery underscoring the stock’s recent momentum. Over the past twelve months, following a period of sector-wide headwinds and market recalibration, Telus has rebounded from multi-year lows and now trades comfortably within the upper range of its 52-week band. This resurgence was catalyzed by consistently improving financial results, including a Q4 2024 revenue increase of 3.5% year-over-year to CA$5.4 billion and a record net customer addition of over 1.2 million for the year.
Several positive recent events reinforce the stock’s appeal:
- Sustained customer growth: Three consecutive years with net customer additions above one million.
- Margin expansion: Q4 2024 saw TTech Adjusted EBITDA rise 7%, driven by cost efficiencies and premium service uptake.
- Dividend strength: Telus raised its dividend for the 34th time since 2004, now yielding an attractive 7.63%, one of the highest among peers.
- Free cash flow acceleration: FY 2024 free cash flow rose 12% to CA$2.0 billion, laying the groundwork for future capital returns and deleveraging.
In the broader context, Canadian telecom stocks are regaining favour as safe havens amid volatile global equities. The sector’s defensive profile, reliable cash flows, and critical infrastructure status have been further underscored by investors rotating toward dividend-paying, inflation-resilient assets. Strategic government support for 5G expansion and favourable regulatory frameworks are further solidifying the sector’s long-term prospects.
Technical Analysis
From a technical standpoint, Telus’s stock structure is showing emerging positive trends. The price is currently above the 20-, 50-, 100-, and 200-day EMAs, indicating a return to bullish medium-term momentum even as the Relative Strength Index (RSI 14) sits at a neutral 59.85. This suggests upward room remains before the stock approaches overbought conditions, granting flexibility in entry timing.
Key technical indicators:
- Moving Averages: All key short- and medium-term EMAs (20/50/100/200-day) are supporting a Buy signal, with the current price above CA$20.75–CA$20.86.
- MACD: At 0.07, the MACD flashes a mild Sell; however, momentum is stabilizing after recent consolidation. Should this cross upwards, it could trigger added buying interest.
- Support and Resistance: Strong support is established at CA$20.96, with further reinforcement at CA$20.83 and CA$20.69—levels that have historically attracted buyers. Resistance looms near CA$21.23 and CA$21.37, but a break above these could open the path to the 52-week high of CA$23.43.
Short- and medium-term momentum is constructive: sustained closes above the primary support range, along with buy signals across most moving averages, suggest Telus may be entering an incipient bullish phase. Consolidation near resistance offers tactical entry points as the broader trend strengthens.
Fundamental Analysis
Underpinning Telus's technical resilience is a suite of robust fundamentals. FY 2024 saw consolidated operating revenue rise by 3.5%, while TTech Adjusted EBITDA leaped by 5.5%, signaling a well-executed growth and margin-expansion strategy. Customer growth remains among the best in class, with over a million net adds for three years running and evidence of customer mix upgrades toward higher-value offerings.
- Revenue Growth: TTech operating revenue increased 1.8% in 2024, with 2025 guidance targeting a further 2%–4% rise.
- Profitability: Margin expansion is evident, with TTech EBITDA margins now at 38.2%, up 110 basis points year-on-year.
- Strategic Expansion: Investments in 5G, healthcare, and agriculture technology through Telus Health and Telus Agriculture have diversified revenue streams and reduced reliance on legacy telecommunications.
- Valuation: While Telus currently trades at a P/E of 31.5 (forward P/E: 20.6), this reflects the market’s recognition of the company’s transformation and normalized cash flows. The yield-adjusted valuation, with a dividend yield of 7.63%, makes the risk/reward proposition compelling when compared to peers or even traditional Canadian banks.
- Structural Strengths: Telus’s diversified business model encompasses TTech (core telecom), Telus Health (high-growth digital health and wellness), and Telus Agriculture (food traceability and digital supply chains). Its brand is built on both technological innovation and service reliability—an enduring moat in a highly regulated market.
Importantly, Telus’s multi-decade track record of consistent dividend increases, disciplined capital allocation, and operational efficiency makes its valuation more sustainable than headline ratios suggest. The dividend payout ratio is high at 232%, but management’s commitment to free cash flow and deleveraging backs ongoing shareholder returns.
Volume and Liquidity
Telus stock enjoys sustained, robust trading volumes—averaging 4.46 million shares daily over the past three months—reflecting deep liquidity and strong institutional interest. The substantial float and widespread Canadian ownership (over 84%) promote dynamic price discovery and reduce the risk of abrupt volatility. Insider alignment is notable, with Telus employees collectively holding over 34 million shares.
High liquidity means investors can enter or exit positions efficiently, facilitating attractive entry points when sentiment turns. Active volume around technical support areas is indicative of strong market confidence—underpinning price floors and encouraging engagement from both long-term and tactical market participants.
Catalysts and Positive Outlook
Telus’s forward outlook is powered by a series of high-probability growth drivers, each reinforcing the bullish case for the stock into 2025 and beyond:
- 5G Network Expansion: Continued capital investment is driving a major upgrade cycle across Canada, with Telus’s national coverage and technological partnerships allowing it to capture premium market share and deliver higher ARPU (average revenue per user).
- Digital Health Leadership: Telus Health’s double-digit top-line and EBITDA growth—buoyed by successful integration of LifeWorks—is creating a uniquely valuable digital health platform with growing synergies. This positions the company as a first mover in a market with secular growth tailwinds.
- Agriculture and Consumer Goods Digitization: Strong revenue growth in this segment (+16% year-on-year) demonstrates Telus’s successful horizontal diversification.
- AI and Digital Transformation: Strategic deployment of generative AI tools for customer service and operational efficiency should translate to higher margins and differentiated customer experience.
- ESG and Partnerships: Initiatives like the multi-year partnership with WestJet, and disciplined ESG reporting, bolster the company’s reputation as an innovation- and sustainability-focused leader.
- Balance Sheet Strengthening: Free cash flow forecasts (CA$2.15 billion for 2025) and capital discipline reinforce both the dividend and the pace of deleveraging, addressing key investor concerns about debt levels and payout sustainability.
- Macroeconomic Tailwinds: As rates stabilize and the Canadian economy shows signs of resilience, defensive high-yield stocks like Telus are increasingly favoured by long-duration capital.
Taken together, these catalysts suggest Telus is poised to outperform, especially as the core telecommunications business remains resilient while new growth vectors are rapidly maturing.
Investment Strategies
The present setup offers differentiated arguments for a range of investment time horizons:
- Short-Term (1–3 months):
- Current trading above all main moving averages, combined with major support just below current levels (~CA$20.96–CA$20.69), offers a compelling technical setup for tactical entry.
- Positive news surprise (e.g., 5G contract wins or further customer growth upgrades) could trigger a quick re-rating toward the CA$23.43 52-week high.
- High liquidity allows for dynamic risk management and fast repositioning if technicals change.
- Medium-Term (3–12 months):
- Dividend capture remains front and centre: the 7.6% dividend yield is paid quarterly, and Telus’s historical pattern of mid-year and year-end increases provides recurring upward valuation pressure.
- Anticipated upside from healthcare and agriculture tech segments could surprise materially as integration delivers further synergies.
- Potential upward revisions to free cash flow guidance could act as additional catalysts.
- Long-Term (1 year+):
- Telus’s transformation story—inclusive of IoT, 5G, digital health, and ESG leadership—offers multi-year, compounding growth well beyond traditional wireline/wireless telecom.
- Management’s explicit goal to reduce leverage by 2027 and consistent reinvestment raise the prospect of gradual re-rating to lower payout ratios and expanded multiples as growth matures.
- With over 84% Canadian ownership and the longest-tenured CEO in global telecom, governance and alignment of interests support sustained compounding.
In all cases, positioning ahead of announced catalysts—such as major quarterly earnings or regulatory announcements—could enable outsized returns, especially when entering around established technical support levels.
Is It the Right Time to Buy Telus?
To summarize, Telus brings together a rare combination of strengths: accelerating top- and bottom-line growth, a sector-leading dividend yield, long-term strategic vision, and robust technical momentum. The company’s transformation into a diversified digital infrastructure and services powerhouse is gaining traction, with high-growth adjacencies supplementing resilient core telecom earnings. With trading liquidity and institutional ownership providing downside buffers, and with major capital returns supported by rising free cash flow, the current price levels seem to represent an excellent opportunity for renewed interest.
As Telus builds momentum above critical technical support, and as its portfolio of growth catalysts matures, the stock appears increasingly well-placed for medium- and long-term appreciation—especially for income-oriented investors seeking stability alongside secular upside.
For those looking to capitalize on a compelling blend of yield, innovation, and growth, Telus may well be entering a new bullish phase within the Canadian technology and telecommunications sector. As always, due diligence is crucial, but the current environment sets the stage for Telus to stand out as a strategic addition to forward-looking portfolios keen to capture the next wave of value creation in Canadian tech.
Opportunity with conviction: Telus’s evolving business model and strong market position underscore why now may be an ideal moment to give this stock a place on your investment radar.
How to buy Telus stock in Canada?
Buying Telus shares online is a straightforward and secure process for Canadian investors, thanks to regulated brokers overseen by Canadian authorities. Whether you’re looking for long-term portfolio growth or short-term trading opportunities, you can choose between two main methods: buying shares outright (spot/cash purchase) or trading Telus via Contracts for Difference (CFDs). Each approach has its own characteristics, benefits, and associated costs. To help you find the best platform for your needs, you’ll find a detailed broker comparison further down the page.
Spot buying
A cash or spot purchase means you buy actual Telus shares that are held in your name, giving you shareholder rights (such as receiving dividends). This is the preferred method for most long-term investors. Typically, Canadian brokers charge a fixed commission per order; common fees range from $0 to $10 CAD per trade, with many charging around $5 CAD.
Important example
Example: If the Telus share price is CA$21.10, investing CA$1,000 minus a typical CA$5 commission allows you to buy approximately 47 shares of Telus (CA$1,000 – CA$5 = CA$995; CA$995 / CA$21.10 ≈ 47).
✔️ Gain scenario: If the share price rises by 10%, your shares are now worth approximately CA$1,100.
Result: That’s a CA$100 gross gain, or +10% on your investment (excluding taxes and other incidental fees).
Trading via CFD
CFD (Contract for Difference) trading allows you to speculate on Telus stock price movements without owning the actual shares. CFDs are popular for active traders as they enable leverage, meaning you can control a larger position with a smaller amount of capital. The main fees involved are the spread (difference between buy and sell price) and overnight financing if you keep the position open longer than a day.
Important example
Example: You decide to open a CFD position on Telus stock with a CA$1,000 deposit and 5x leverage, giving you a total market exposure of CA$5,000.
✔️ Gain scenario: If Telus shares rise by 8%, your position gains 8% × 5 = 40%.
Result: You make a CA$400 profit on your initial CA$1,000 (excluding spreads and financing fees).
Final advice
Before investing, it’s essential to carefully compare brokers regarding fees, execution quality, and available features. Your choice between cash buying and CFD trading should be guided by your investment goals, time horizon, and risk tolerance. For more details, consult the full broker comparison further down the page to find the best match for your needs.
Our 7 tips for buying Telus stock
| Step | Specific tip for Telus |
|---|---|
| Analyze the market | Review TELUS's strong dividend history, free cash flow growth, and expansion into sectors like 5G, healthcare, and agriculture to understand its stable position in Canada's telecom industry. |
| Choose the right trading platform | Use a Canadian brokerage that provides access to the TSX (T.TO) with low commissions and supports dividend reinvestment plans (DRIP) so you can maximize the benefits of TELUS’s yield. |
| Define your investment budget | Allocate an amount that fits your risk profile, recognizing that TELUS offers income stability but also has higher debt and payout ratios—balance your exposure within a diversified portfolio. |
| Choose a strategy (short or long term) | Focus on a long-term, income-oriented strategy to take advantage of TELUS's ongoing dividend growth and solid position in essential telecom and digital services across Canada. |
| Monitor news and financial results | Regularly follow TELUS’s quarterly earnings, dividend announcements, and updates on business diversification (like TELUS Health and AI initiatives), which can influence stock price and outlook. |
| Use risk management tools | Set stop-losses and consider trailing stops near key technical support levels (e.g., $20.96), and periodically rebalance your portfolio to manage sector and stock-specific risks. |
| Sell at the right time | Take profits or trim your position at technical resistance levels or if TELUS’s fundamentals change—such as a dividend cut or increased competitive threats—to protect your gains. |
The latest news about Telus
TELUS maintains a strong commitment to dividend growth, recently reaffirming its policy of semi-annual increases through 2025. This constructive signal was backed by the company’s quarterly dividend of CA$0.40, yielding approximately 7.63%, placing it among the most attractive income stocks on the TSX for Canadian investors. Since 2004, TELUS has increased its dividend 34 times, reinforcing the predictability of its capital return program, a notable factor when considering long-term investment strategies for Canadian portfolios.
Recent financial results highlight robust operational and customer growth momentum, particularly in TELUS's domestic core business segments. The company reported Q4 2024 consolidated revenues up 3.5% year-over-year to $5.4 billion and a continued rise in adjusted EBITDA, reflecting efficiency gains and higher margins. TELUS added 328,000 net new customers in Q4, and a total of 1.2 million through 2024—marking its third consecutive year over the million milestone. These metrics underline its expanding local market presence and the effectiveness of its Canadian-centric growth strategy.
TELUS’s healthcare and technology divisions are performing strongly, with TELUS Health achieving double-digit growth rates and ongoing synergy capture from its LifeWorks acquisition. TELUS Health posted a 10% revenue increase in Q4 2024 with adjusted EBITDA up 20%, accelerated by digital transformation and cost synergies that have already reached $355 million out of the anticipated $427 million by end-2025. This further strengthens its leadership in the fast-growing Canadian digital health sector, an area of strategic relevance to both public and private stakeholders across Canada.
Technical market indicators for TELUS stock show resilience and emerging upward trends, with several moving averages signaling a Buy. Though the MACD currently flashes a Sell, TELUS is trading above its 20-, 50-, 100-, and 200-day EMAs, suggesting underlying support and improving sentiment on the TSX. The stock’s stable price action—trading comfortably above key support levels and near short-term resistance—suggests Canadian investors remain optimistic about the company’s fundamentals and future cash flow outlook.
TELUS is actively executing on Canadian-focused partnerships and innovation, aligning its strategy with local consumer and corporate needs. Notably, the company unveiled a multi-year partnership with WestJet to elevate inflight experiences for Canadian travelers, and has just rolled out a generative AI-powered customer service solution, enhancing digital interaction quality for Canadian clients. These initiatives underscore TELUS’s ongoing commitment to regional service excellence and digital transformation, supporting its reputation as a leader in Canada’s evolving telecommunications and technology landscape.
FAQ
What is the latest dividend for Telus stock?
Telus stock currently pays a quarterly dividend of CA$0.40, with the most recent payment going to shareholders in early 2025. This brings the annualized dividend to CA$1.61 per share, representing a strong commitment to shareholder returns. The company has consistently increased its dividend, boasting 34 raises since 2004. Telus also offers a Dividend Reinvestment Plan (DRIP) with a purchase discount for eligible investors.
What is the forecast for Telus stock in 2025, 2026, and 2027?
Based on the recent price of CA$21.10, the forecasted values for Telus stock are CA$27.43 at the end of 2025, CA$31.65 at the end of 2026, and CA$42.20 at the end of 2027. These projections reflect optimism regarding Telus’s long-term strategy, particularly its investments in 5G, digital health, and agricultural technology. The company also enjoys steady customer growth and robust free cash flow, strengthening its growth outlook.
Should I sell my Telus shares?
Holding Telus shares may be a smart choice for investors seeking stability and reliable dividends. The company demonstrates strategic resilience through diversified business lines and ongoing growth in high-potential sectors like healthcare and digital services. Despite recent market challenges, Telus maintains a strong customer base and a solid record of operational performance. The current valuation and fundamentals suggest continued opportunity for mid- to long-term growth.
Are Telus dividends eligible for Canadian registered accounts such as RRSPs, TFSAs, or RESPs?
Yes, Telus dividends are eligible to be held within Canadian registered accounts such as RRSPs, TFSAs, and RESPs, allowing for tax-sheltered growth. Canadian residents generally do not face withholding tax on dividends from Telus in these accounts, and eligible dividends benefit from the Canadian dividend tax credit when held outside registered plans. This makes Telus a tax-efficient choice for many Canadian investors.
What is the latest dividend for Telus stock?
Telus stock currently pays a quarterly dividend of CA$0.40, with the most recent payment going to shareholders in early 2025. This brings the annualized dividend to CA$1.61 per share, representing a strong commitment to shareholder returns. The company has consistently increased its dividend, boasting 34 raises since 2004. Telus also offers a Dividend Reinvestment Plan (DRIP) with a purchase discount for eligible investors.
What is the forecast for Telus stock in 2025, 2026, and 2027?
Based on the recent price of CA$21.10, the forecasted values for Telus stock are CA$27.43 at the end of 2025, CA$31.65 at the end of 2026, and CA$42.20 at the end of 2027. These projections reflect optimism regarding Telus’s long-term strategy, particularly its investments in 5G, digital health, and agricultural technology. The company also enjoys steady customer growth and robust free cash flow, strengthening its growth outlook.
Should I sell my Telus shares?
Holding Telus shares may be a smart choice for investors seeking stability and reliable dividends. The company demonstrates strategic resilience through diversified business lines and ongoing growth in high-potential sectors like healthcare and digital services. Despite recent market challenges, Telus maintains a strong customer base and a solid record of operational performance. The current valuation and fundamentals suggest continued opportunity for mid- to long-term growth.
Are Telus dividends eligible for Canadian registered accounts such as RRSPs, TFSAs, or RESPs?
Yes, Telus dividends are eligible to be held within Canadian registered accounts such as RRSPs, TFSAs, and RESPs, allowing for tax-sheltered growth. Canadian residents generally do not face withholding tax on dividends from Telus in these accounts, and eligible dividends benefit from the Canadian dividend tax credit when held outside registered plans. This makes Telus a tax-efficient choice for many Canadian investors.
