TELUS Corporation (NYSE: TU) is a leading Canadian telecommunications company offering a wide range of services including wireless, internet, TV, and healthcare technology solutions. With a strong presence in Canada and international operations, TELUS serves millions of customers and is committed to leveraging technology for social good through various community initiatives.
Key Takeaways:
- TELUS stock is expected to show steady growth over the next few decades
- Technological advancements and market expansion will likely drive price increases
- Long-term investors may find TELUS an attractive option for portfolio growth
- The stock is projected to reach $1800 by 2050, representing significant potential returns
Overview of TELUS Corporation
TELUS Corporation has a rich history dating back to 1990 when it was established as a holding company for Alberta Government Telephones. Over the years, TELUS has grown through strategic acquisitions and expansions, becoming one of Canada’s largest telecommunications companies. The company offers a wide range of services, including wireless, internet, television, and healthcare technology solutions.
TELUS Company Profile
| Country | Canada |
| Ticker Symbol | TU |
| Exchange | New York Stock Exchange |
| Founded | 1990 |
| IPO Date | 1996 |
| Industry | Telecommunications |
| Sector | Communication Services |
| Employees | 106,400 |
| CEO | Darren Entwistle |
| Market Cap (July 26, 2024) | $23.53 billion |
| Website | telus |
TELUS (TU) Balance Sheet Analysis
TELUS Corporation’s (NYSE: TU) 2023 balance sheet reveals a robust financial position with total assets of $56.14 billion, marking a modest increase from $54.07 billion in 2022. The company’s liabilities totaled $38.83 billion, while total equity stood at $17.30 billion, indicating a solid capital structure.
The company’s debt burden grew to $27.45 billion in 2023, up from $25.14 billion the previous year. This increase in debt, coupled with a negative working capital of -$3.17 billion, suggests potential short-term liquidity challenges that warrant attention.
TELUS reported a tangible book value of -$13.67 billion, reflecting substantial intangible assets and goodwill on its balance sheet. This negative figure is common in telecommunication companies due to significant investments in network infrastructure and spectrum licenses.
The company’s share count increased to 1.47 billion shares issued in 2023, up from 1.43 billion in 2022. This slight dilution may be part of TELUS’s strategy for capital raising or employee compensation plans. Overall, TELUS maintains a strong financial foundation despite some areas that may require careful management.
Balance Sheet Data Source: finance.yahoo
TELUS Stock Price History
TELUS Corporation (NYSE: TU) had its IPO in the year 1996. Telus (TU) has split its stock twice since 2013. The first 2:1 split occurred on April 17, 2013, doubling shares. The second 2:1 split on March 18, 2020, further doubled holdings.1
As of August 23, 2024, the price of TELUS stock stands at $16.09.
TELUS Stock Price Forecast 2024
Our analysis suggests that 2024 will be a year of solid growth for TELUS. We expect the stock to experience a 16% increase by the end of the year, driven by the company’s continued expansion in 5G networks and digital health services.
TELUS is likely to benefit from increased demand for high-speed internet and mobile services as remote work and digital entertainment continue to grow. The company’s investments in network infrastructure and customer service improvements are expected to pay off, attracting new subscribers and retaining existing ones.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $11.83 | $18.42 | $22.10 |
TELUS Stock Price Forecast 2025
In 2025, we anticipate TELUS stock to gain further momentum, with a projected growth of 17% from the previous year. This increase is likely to be fueled by the company’s investments in Internet of Things (IoT) technologies and smart home solutions.
TELUS’s expansion into the healthcare technology sector is expected to yield significant returns in 2025. The company’s focus on integrating AI and machine learning into its services could lead to improved operational efficiency and customer satisfaction, potentially attracting more investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $19.69 | $21.55 | $25.86 |
TELUS Stock Price Forecast 2026
The year 2026 is expected to bring an 18% growth in TELUS stock price. This uptick may be attributed to the company’s expanded market share in both telecommunications and healthcare technology sectors.
TELUS’s strategic partnerships with tech giants and startups alike are anticipated to foster innovation and create new revenue streams. The company’s commitment to sustainability and green technologies could also enhance its reputation and attract environmentally conscious investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $23.23 | $25.43 | $30.52 |
TELUS Stock Price Forecast 2027
We project a 19% increase in TELUS stock price for 2027. This substantial growth could be the result of successful integration of artificial intelligence in customer service operations and network management.
TELUS’s forays into virtual and augmented reality applications for both consumer and enterprise markets are expected to bear fruit in 2027. The company’s ongoing efforts to bridge the digital divide in rural areas could also lead to increased government contracts and positive public sentiment.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $27.64 | $30.26 | $36.31 |
TELUS Stock Price Forecast 2028
In 2028, our forecast indicates a 20% rise in TELUS stock price. This significant jump may be driven by the company’s strong performance in emerging markets and its leadership in 6G technology development.
As 6G technology begins to take shape, TELUS’s early investments and research in this area are likely to position it as an industry leader. The company’s expansion into new international markets, particularly in Asia and South America, could open up vast growth opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $33.17 | $36.31 | $43.57 |
TELUS Stock Price Forecast 2029
We anticipate an 18% growth in TELUS stock price for 2029. This increase could be attributed to the company’s successful diversification into new technology-driven business sectors.
TELUS’s investments in quantum computing applications for telecommunications are expected to start yielding tangible benefits by 2029. The company’s focus on cybersecurity solutions for both individuals and enterprises could become a major revenue driver in an increasingly digital world.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $39.14 | $42.85 | $51.42 |
TELUS Stock Price Forecast 2030
By 2030, we expect TELUS stock to show a robust 19% increase. This growth may be fueled by the widespread adoption of TELUS’s healthcare technology solutions and the company’s strong position in the smart city infrastructure market.
The convergence of 5G, IoT, and AI is likely to create new opportunities for TELUS in sectors like autonomous vehicles and smart manufacturing. This trend aligns with projections for other tech-focused companies, such as the T-Mobile stock outlook, which also anticipates growth from similar technological advancements. The company’s healthcare division could see significant growth as telemedicine and remote patient monitoring become mainstream.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $46.58 | $50.99 | $61.19 |
TELUS Stock Price Forecast 2031
In 2031, our analysis points to a 20% rise in TELUS stock price. This significant growth could be the result of the company’s successful expansion into new international markets and its innovative approaches to sustainable technology solutions.
TELUS’s focus on developing eco-friendly network infrastructure could pay off as environmental regulations tighten globally. The company’s investments in renewable energy for its operations may lead to cost savings and improved public image, attracting both customers and investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $55.90 | $61.19 | $73.43 |
TELUS Stock Price Forecast 2032
We forecast a 17% increase in TELUS stock price for 2032. This impressive growth may be driven by the company’s leadership in quantum computing applications for telecommunications and its strong performance in cybersecurity services.
By 2032, TELUS’s quantum computing initiatives are expected to revolutionize network security and data processing capabilities. The company’s expertise in this cutting-edge technology could lead to lucrative government and enterprise contracts, boosting its revenue and stock price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $65.40 | $71.59 | $85.91 |
TELUS Stock Price Forecast 2033
Our projections for 2033 indicate an 18% growth in TELUS stock price. This substantial increase could be attributed to the company’s successful integration of advanced robotics in its operations and its dominant position in the virtual reality communications market.
TELUS’s investments in robotics for network maintenance and customer service are likely to significantly reduce operational costs by 2033. The company’s virtual reality communication platforms could become essential for remote work and social interaction, opening up new revenue streams.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $77.17 | $84.48 | $101.38 |
TELUS Stock Price Forecast 2034
In 2034, we anticipate a 19% rise in TELUS stock price. This significant jump may be the result of the company’s breakthrough innovations in energy-efficient network technologies and its expanding global footprint.
TELUS’s focus on developing ultra-energy-efficient networks could set new industry standards by 2034. As climate change concerns intensify, the company’s green initiatives could attract environmentally conscious customers and investors alike, potentially leading to market share growth and increased stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $91.83 | $100.53 | $120.64 |
TELUS Stock Price Forecast 2035
Our analysis suggests a 20% increase in TELUS stock price for 2035. This impressive growth could be driven by the company’s leadership in brain-computer interface technologies and its strong performance in the space-based communications sector.
TELUS’s early investments in brain-computer interface technologies are expected to position it at the forefront of this revolutionary field by 2035. The company’s involvement in space-based communication networks could open up new markets and applications, from global internet coverage to interplanetary communication. TELUS’s expansion into space-based communications mirrors the diversification strategies seen in the Tesla stock prediction, as both companies leverage cutting-edge technologies for future growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $110.20 | $120.64 | $144.77 |
TELUS Stock Price Forecast 2036
We project an 18% growth in TELUS stock price for 2036. This substantial increase may be attributed to the company’s successful development of advanced AI-driven network optimization solutions and its dominant position in the holographic communication market.
By 2036, TELUS’s AI-driven networks are likely to achieve unprecedented levels of efficiency and reliability. The company’s holographic communication technology could revolutionize long-distance interactions, finding applications in fields ranging from business conferences to remote medical consultations.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $130.04 | $142.36 | $170.83 |
TELUS Stock Price Forecast 2037
In 2037, our forecast indicates a 19% rise in TELUS stock price. This significant growth could be the result of the company’s breakthrough in quantum internet technologies and its expanding influence in global digital healthcare solutions.
TELUS’s quantum internet infrastructure is expected to provide unparalleled security and speed, attracting high-value enterprise and government clients. The company’s digital healthcare platform could become a global standard, potentially tapping into emerging markets and driving substantial revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $154.75 | $169.41 | $203.29 |
TELUS Stock Price Forecast 2038
We anticipate a 20% increase in TELUS stock price for 2038. This impressive jump may be fueled by the company’s leadership in developing sustainable, carbon-negative network infrastructures and its strong performance in emerging markets.
By 2038, TELUS’s carbon-negative operations could set it apart in an increasingly environmentally conscious market. The company’s expansion into emerging economies, coupled with its advanced technological offerings, is likely to drive significant growth and attract international investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $185.70 | $203.29 | $243.95 |
TELUS Stock Price Forecast 2039
Our analysis points to a 17% growth in TELUS stock price for 2039. This substantial increase could be attributed to the company’s successful implementation of city-wide neural networks and its dominant position in the global telehealth market.
TELUS’s neural network technology is expected to revolutionize urban management and citizen services by 2039. The company’s telehealth solutions, enhanced by AI and VR technologies, could become the go-to platform for remote healthcare delivery worldwide, potentially leading to significant revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $217.27 | $237.85 | $285.42 |
TELUS Stock Price Forecast 2040
By 2040, we expect TELUS stock to show a robust 18% rise. This significant growth may be driven by the company’s breakthroughs in human augmentation technologies and its leadership in interplanetary communication systems.
TELUS’s ventures into human augmentation technologies could open up entirely new markets by 2040. The company’s involvement in developing communication systems for space exploration and potential Mars colonies might not only generate new revenue streams but also significantly enhance its brand value and attract tech-savvy investors. This long-term vision for technological innovation and market expansion is reminiscent of strategies outlined in the Procter & Gamble stock forecast, albeit in different sectors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $256.38 | $280.66 | $336.79 |
TELUS Stock Price Forecast 2050
Looking further ahead to 2050, our long-term forecast projects TELUS stock to reach $1800. This represents a compound annual growth rate (CAGR) of approximately 20.45% from 2040 to 2050. This extraordinary growth could be attributed to TELUS’s potential leadership in revolutionary technologies such as molecular communication, advanced biotech integrations, and possibly even early-stage developments in teleportation communications.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $1674.00 | $1800.00 | $1926.00 |
Conclusion
Our comprehensive analysis of TELUS Corporation’s stock price forecast from 2024 to 2050 paints a picture of significant growth potential. We project the stock to reach an impressive $1800 by 2050, representing a total growth of over 11,000% over the 26-year period.
This forecast is based on TELUS’s strong historical performance, its current market position, and our expectations of its future innovations and market expansions. The company’s focus on telecommunications, healthcare technology, and emerging tech sectors positions it well for sustained growth in the coming decades.
FAQs
1. What is the future of TELUS share price?
According to the forecast provided, TELUS (TU) stock price is projected to grow steadily from 2024 to 2040. The forecast suggests annual growth rates ranging from 16% to 20% during this period. By 2040, the average predicted stock price is $280.66. The forecast suggests a bullish outlook for TELUS stock, with steady growth predicted through 2040. Factors contributing to this growth include expansion in 5G networks, digital health services, and investments in emerging technologies like AI and IoT.
2. What is the TELUS share prediction for 2030?
The forecast for TELUS stock in 2030 is:
- Low Price: $46.58
- Average Price: $50.99
- High Price: $61.19
This represents a projected 19% increase from the previous year. By 2030, TELUS stock is projected to reach an average price of $50.99. The forecast attributes this growth to potential advancements in healthcare technology solutions and a strong position in the smart city infrastructure market
3. What is the TELUS 10 year outlook?
The 10-year outlook for TELUS appears optimistic, with projected growth from $18.42 in 2024 to $100.53 in 2034. This forecast suggests TELUS could benefit from investments in quantum computing, cybersecurity, and sustainable technology solutions.
4. Is TELUS a buy, hold, or sell?
We would characterize TELUS (NYSE: TU) as a “Buy” for long-term investors. TELUS is expected to expand beyond traditional telecom into areas like healthcare technology, IoT, and smart city infrastructure. The company is projected to be at the forefront of emerging technologies like 6G, quantum computing, and AI. TELUS’s anticipated investments in green technologies could appeal to environmentally conscious investors.
5. Who are the major competitors of TELUS?
TELUS Corporation (NYSE: TU) is a major Canadian telecommunications company. Here are its major competitors:
- Rogers Communications Inc. (NYSE: RCI) – One of the largest telecommunications companies in Canada, offering wireless, cable, and internet services.
- BCE Inc. (NYSE: BCE) – Commonly known as Bell Canada, it provides a wide range of communications services including wireless, internet, and television.
- Shaw Communications Inc. (NYSE: SJR) – A Canadian telecommunications company that offers internet, television, and telephone services.
- AT&T Inc. (NYSE: T) – A leading U.S. telecom company, AT&T provides wireless, broadband, and television services, competing with TELUS in various segments.
- Verizon Communications Inc. (NYSE: VZ) – Another major U.S. telecom provider, offering similar services as TELUS in wireless, internet, and digital TV.
- Comcast Corporation (NASDAQ: CMCSA) – A leading U.S. telecommunications and media company, competing in internet, TV, and phone services.
- Charter Communications Inc. (NASDAQ: CHTR) – A major U.S. broadband and cable operator, providing services that overlap with TELUS’s offerings.
- T-Mobile US, Inc. (NASDAQ: TMUS) – A leading U.S. wireless carrier, competing in the mobile segment.
- Cogeco Communications Inc. (OTC: CGECF) – A Canadian telecommunications company offering similar services in internet, television, and telephony.
- Liberty Global plc (NASDAQ: LBTYA) – An international telecommunications company, primarily operating in Europe but with a presence in Canada through its subsidiary, Virgin Media.
These competitors represent both Canadian and U.S. companies that operate in similar telecommunications markets.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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