Research Analysts Issue Forecasts for TELUS FY2024 Earnings

TELUS Co. (TSE:T) (NYSE:TU) – Equities researchers at National Bank Financial upped their FY2024 EPS estimates for shares of TELUS in a note issued to investors on Sunday, November 10th. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $1.01 for the year, up from their prior forecast of $0.97. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for TELUS’s FY2025 earnings at $1.02 EPS.

Other research analysts also recently issued research reports about the stock. Cormark reduced their price target on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a report on Monday, October 28th. Royal Bank of Canada decreased their target price on TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. Finally, Barclays decreased their price objective on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$24.46.

TELUS Stock Down 2.2 %

Shares of T opened at C$21.34 on Wednesday. The firm has a market cap of C$31.58 billion, a P/E ratio of 40.89, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a 12 month low of C$20.04 and a 12 month high of C$25.94. The stock’s 50 day moving average is C$22.32 and its two-hundred day moving average is C$22.06. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.402 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a dividend yield of 7.54%. The ex-dividend date is Wednesday, December 11th. TELUS’s dividend payout ratio (DPR) is currently 294.34%.

TELUS Company Profile

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.