TELUS (TSE:T) Releases Earnings Results

TELUS (TSE:T) (NYSE:TU) posted its quarterly earnings data on Friday. The company reported C$0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$4.99 billion during the quarter. TELUS had a return on equity of 7.68% and a net margin of 5.47%.

TELUS Stock Performance

Shares of TSE T opened at C$17.46 on Friday. The stock has a 50 day moving average price of C$17.69 and a 200 day moving average price of C$18.51. TELUS has a 52 week low of C$16.18 and a 52 week high of C$23.18. The company has a debt-to-equity ratio of 199.42, a quick ratio of 0.52 and a current ratio of 0.86. The stock has a market capitalization of C$27.26 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.65 and a beta of 0.58.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Securities upgraded TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. TD upgraded TELUS from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$19.00 to C$20.00 in a report on Tuesday, April 28th. Canaccord Genuity Group downgraded TELUS from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$21.00 to C$17.50 in a report on Thursday, April 9th. Barclays reduced their price target on TELUS from C$20.00 to C$19.00 in a research report on Tuesday, April 14th. Finally, ATB Cormark Capital Markets reduced their price target on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$20.31.

TELUS News Roundup

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: TELUS announced a quarterly cash dividend of C$0.4184 per share, reinforcing its income appeal for shareholders. TELUS Declares Quarterly Cash Dividend Payable July 2, 2026
• Positive Sentiment: The company also highlighted expanded sovereign AI infrastructure and a new AI-powered fleet product with Powerfleet, signaling ongoing investment in higher-growth digital services. TELUS posts resilient Q1 2026 results and expands sovereign AI infrastructure Telus, Powerfleet launch AI-powered Vision 360 for Canadian fleets
• Neutral Sentiment: TELUS announced that CFO Doug French will retire and Gopi Chande will succeed him, a planned transition that should limit immediate disruption. TELUS Announces Retirement of Chief Financial Officer Doug French and Appointment of Successor Gopi Chande
• Negative Sentiment: The main driver for the stock is TELUS’s first-quarter results, which showed lower profit and weaker revenue versus a year ago, while another report said expenses climbed even as revenues were steady, pointing to margin compression. Telus reports first-quarter profit and revenue down from year ago Telus reports flat revenue, 50% profit drop in first quarter Telus Profit Drops as Q1 2026 Expenses Climb Despite Steady Revenues
• Negative Sentiment: Separately, TELUS is facing criticism over AI tools used in call centers, including “accent masking” concerns and worker backlash, which could add reputational risk. As AI creeps into telecoms, call centre agents worry they’ll be replaced Telus under fire for AI accent-masking in offshore call centres Telus under fire for undisclosed AI accent-masking in call centres

About TELUS

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.