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Telus ( (TSE:T) ) has provided an announcement.
TELUS reported unaudited results for the first quarter of 2026 on May 8, showing consolidated operating revenues and other income of $5.0 billion versus $5.1 billion a year earlier, as 1 per cent service revenue growth was offset by lower mobile equipment revenue and other income. The company added 262,000 total mobile and fixed customers, supported by strong demand for bundled services, while consolidated Adjusted EBITDA held steady at $1.8 billion, underscoring the resilience of its diversified portfolio amid a competitive Canadian telecom market.
Growth was driven by TELUS Health’s 11 per cent increase in service revenue and Adjusted EBITDA and TELUS Digital’s 22 per cent AI-related growth, while free cash flow rose 19 per cent to $583 million on stable cash from operations of $1.05 billion. TELUS highlighted strong market uptake of its sovereign AI factories, with its Rimouski, Quebec facility sold out and a second site in Kamloops, British Columbia set to launch, and said it is advancing a balance sheet deleveraging strategy, including potential partnerships for TELUS Health, while reaffirming 2026 financial targets and moderating capital expenditures to about $2.3 billion.
The most recent analyst rating on (TSE:T) stock is a Buy with a C$20.00 price target. To see the full list of analyst forecasts on Telus stock, see the TSE:T Stock Forecast page.
Spark’s Take on T Stock
According to Spark, TipRanks’ AI Analyst, T is a Neutral.
The score reflects solid and improving cash flow with supportive 2026 free-cash-flow guidance and deleveraging plans, partially offset by high leverage and compressed profitability. Technicals are a notable drag given the stock’s downtrend and weak momentum, while valuation is mixed—an attractive dividend yield but a relatively high P/E.
To see Spark’s full report on T stock, click here.
More about Telus
TELUS Corporation is a Canadian telecommunications company that provides wireless, internet, TV, security and automation services, underpinned by its national PureFibre and 5G+ networks. The company also operates TELUS Health, a global provider of digital health and well-being solutions, and TELUS Digital, which develops AI and data capabilities serving both internal operations and external enterprise clients.
Average Trading Volume: 7,405,633
Technical Sentiment Signal: Sell
Current Market Cap: C$27.4B
For detailed information about T stock, go to TipRanks’ Stock Analysis page.