Desjardins Has Positive Outlook of TELUS FY2024 Earnings

TELUS Co. (TSE:T) (NYSE:TU) – Equities researchers at Desjardins lifted their FY2024 EPS estimates for TELUS in a research report issued on Monday, November 11th. Desjardins analyst J. Dubreuil now expects that the company will post earnings of $0.99 per share for the year, up from their prior forecast of $0.96. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share. Desjardins also issued estimates for TELUS’s FY2025 earnings at $1.00 EPS.

T has been the subject of several other reports. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 28th. CIBC cut their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. 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 research report on Tuesday, August 6th. BMO Capital Markets raised their price objective on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Finally, Cormark decreased their target price on TELUS from C$26.00 to C$25.00 in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$24.46.

TELUS Stock Down 2.2 %

TSE:T opened at C$21.34 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. TELUS has a 12-month low of C$20.04 and a 12-month high of C$25.94. The stock’s fifty day simple moving average is C$22.32 and its 200-day simple moving average is C$22.06. The firm has a market capitalization of C$31.58 billion, a P/E ratio of 40.89, a P/E/G 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. Shareholders of record on Wednesday, December 11th will be paid a $0.402 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s payout ratio 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.