Research Analysts Offer Predictions for TELUS Q4 Earnings

TELUS Co. (TSE:T) (NYSE:TU) – Investment analysts at Desjardins dropped their Q4 2024 EPS estimates for shares of TELUS in a report released on Monday, November 11th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

Several other equities analysts have also recently weighed in on the stock. Barclays dropped their price target on shares of TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. BMO Capital Markets lifted their target price on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Cormark decreased their price target on TELUS from C$26.00 to C$25.00 in a report on Monday. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. Finally, TD Securities reduced their target price on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.46.

TELUS Stock Down 0.3 %

Shares of TSE T opened at C$21.88 on Wednesday. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. The company has a 50-day moving average price of C$22.31 and a 200-day moving average price of C$22.06. The stock has a market capitalization of C$32.38 billion, a P/E ratio of 41.28, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94.

TELUS Increases Dividend

The business 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 dividend of $0.402 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.61 annualized dividend and a yield of 7.35%. This is a positive change from TELUS’s previous quarterly dividend of $0.39. TELUS’s dividend 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.