Q4 Earnings Forecast for TELUS Issued By Desjardins (TSE:T)

TELUS Co. (TSE:T) (NYSE:TU) – Equities researchers at Desjardins decreased their Q4 2024 earnings estimates for TELUS in a research report issued to clients and investors on Monday, November 11th. Desjardins analyst J. Dubreuil now forecasts that the company will earn $0.20 per share for the quarter, down from their previous forecast of $0.22. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

Other research analysts also recently issued reports about the company. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a research note on Monday, October 28th. BMO Capital Markets increased their price target on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. CIBC lowered their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Cormark dropped their target price on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday. Finally, Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$23.00 to C$21.50 in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$24.46.

TELUS Stock Performance

Shares of T opened at C$21.81 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The firm’s fifty day simple moving average is C$22.32 and its two-hundred day simple moving average is C$22.06. TELUS has a 12 month low of C$20.04 and a 12 month high of C$25.94. The stock has a market capitalization of C$32.28 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a $0.402 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 annualized dividend and a yield of 7.37%. TELUS’s dividend payout ratio (DPR) is presently 294.34%.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.