NAS10029,644+0.67%S&P7,651+0.17%GOLD$4,416+0.37%BTC$81,118+6.17%VIX14.81−4.08%live tape · as of 19:00 UTC
The Screen · Communication Services · Telecom Services
Telus Corp
TU · the NYSE · USD · Market cap $13.8B · 111,500 employees
TELUS Corporation, together with its subsidiaries, operates as a telecommunications company in Canada and internationally.
FAIL · Does not pass the screen
8.75 USD
At the last full screen 2026-09-18
Screened 2026-09-18 · the tape above runs as of 19:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its distribution label.
Telus Corp holds its Distribution at $8.75. Consolidating, no directional conviction, held for 39 days.
As held on the ledger · 2026-09-18
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 39 days
Price at the screen
$8.75
Valuation
N/A trailing · 16.06 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.73
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
52.77%
Below 33%
Interest-bearing debt is 52.8% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
1.09%
Below 33%
Cash held in interest-bearing accounts and securities is 1.1% of assets, under the one-third limit.
Pass
Receivables
9.99%
Below 49%
Money owed to the company is 10.0% of assets, under the 49% limit.
Pass
Revenue purity
0.28%
Below 5%
Only 0.3% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. The price runs 12.0% above the base estimate.
Third-party analyst targets: 3 covering, consensus Hold. The average target sits +20% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Canadian Phones Hide Weak Growth Numbers
Every Canadian who pays a phone bill or books a health appointment through an app feeds straight into Telus, yet the business is shrinking. Revenue fell 1 percent last year while the company earns just a 5 percent profit margin and posts a 4 percent return on equity. Even with a narrow moat and an ethical screen that clears, the numbers do not point to any standout opportunity.
The shares trade at 14.7 times forward earnings, well below our $15.80 fair value against the current $10.40 price. Three analysts carry a hold rating with a $16 median target. Those figures look attractive on paper, but flat to negative growth and thin returns on capital leave little room for outperformance.
Risk sits with execution in a competitive Canadian market where pricing pressure and modest returns can keep the stock range-bound for years. The margin of safety exists on paper, yet the operating record gives no real reason to expect it will close. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Canada and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
TU trades on the NYSE (the company is based in Canada). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-15Distribution$9.74-8.9%Entry 5
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 8.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 5%. The street (3 analysts) rates it none, with a mean price target of $17.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 10.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 5%. The street (3 analysts) rates it none, with a mean price target of $17.
2026-07-18Markdown$11.88+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 5%. The street (3 analysts) rates it none, with a mean price target of $17.
2026-07-03Markdown$11.88+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Markdown$11.88Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
