The stock of Telus Corp. (TSE:T) is down 3% on news that CEO Darren Entwistle will retire after leading the Canadian telecommunications firm for 26 years.
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Entwistle will step down at the end of June this year and be succeeded by former CIBC (TSE:CM) CEO Victor Dodig, who is currently a member of the Telus board of directors. Entwistle had been one of Canada’s longest-serving chief executives and built Telus into a leading telecom company.
“Under Darren’s leadership, the TELUS team has consistently demonstrated a shared passion for purpose, fusing technology, social innovation and human compassion to create a friendlier future for all stakeholders,” said the company in a news release announcing the CEO transition.
Telus’ Disappointing Earnings
Entwistle, age 64, will also step down from the Telus board of directors when he leaves the CEO role this summer. He will be given the title of CEO emeritus and act as an adviser to Dodig until April 30, 2027, when he will depart the company entirely.
News of the CEO change came as Telus reported disappointing financial results. For the fourth quarter of 2025, Telus reported earnings per share (EPS) of C$0.19, which was down 20% from C$0.24 a year earlier. Revenue totaled C$5.26 billion, down 2% from C$5.38 billion in the final quarter of 2024. Telus’ stock has declined 27% in the last five years.
Is TSE:T Stock a Buy?
The stock of Telus has a consensus Moderate Buy rating among 10 Wall Street analysts. That rating is based on five Buy, four Hold, and one Sell recommendations issued in the last three months. The average TSE:T price target of C$20.95 implies 11.59% upside from current levels.
