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Telus ( (TSE:T) ) just unveiled an update.
Telus Corporation reported unaudited condensed interim consolidated financial results for the quarter ended March 31, 2026, filed on May 8, 2026, showing essentially flat operating revenues of $5.01 billion compared with $5.06 billion a year earlier. Service revenue inched up to $4.48 billion while equipment revenue declined, and higher employee benefits and other operating expenses compressed operating income to $534 million from $752 million, driving net income down to $144 million versus $301 million and reducing basic earnings per share to $0.09 from $0.21.
Comprehensive income fell to $193 million from $353 million despite positive foreign currency translation and defined benefit remeasurement effects, underscoring margin pressure and cost intensity in Telus’s operations. The balance sheet showed a decline in cash and temporary investments to $1.3 billion from $2.6 billion at year-end 2025, while property, plant, equipment and intangible assets continued to grow, highlighting ongoing capital investment that may weigh on short-term profitability but is central to the company’s long-term network and services strategy for investors and other stakeholders.
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, wireline, internet, television and data services primarily across Canada. The company also operates adjacent technology and digital services businesses, positioning itself as a major integrated communications and IT provider in the North American market.
Average Trading Volume: 7,405,633
Technical Sentiment Signal: Sell
Current Market Cap: C$27.4B
See more data about T stock on TipRanks’ Stock Analysis page.