Q4 Earnings Estimate for TELUS Issued By Cormark (TSE:T)

TELUS Co. (TSE:T - Free Report) NYSE: TU - Analysts at Cormark issued their Q4 2024 earnings estimates for TELUS in a note issued to investors on Thursday, February 6th. Cormark analyst D. Mcfadgen forecasts that the company will earn $0.21 per share for the quarter. The consensus estimate for TELUS's current full-year earnings is $1.23 per share.

A number of other research analysts also recently issued reports on T. National Bank Financial downgraded shares of TELUS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. CIBC decreased their price objective on TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Scotiabank dropped their target price on TELUS from C$23.25 to C$22.50 and set a "sector perform" rating on the stock in a report on Wednesday, January 8th. TD Securities dropped their price objective on shares of TELUS from C$25.00 to C$24.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, Royal Bank of Canada dropped their price target on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, TELUS presently has an average rating of "Hold" and an average target price of C$22.90.

TELUS Stock Performance

Shares of TSE:T traded up C$0.14 on Friday, hitting C$20.72. 1,992,615 shares of the company were exchanged, compared to its average volume of 4,111,793. 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 stock's 50 day moving average price is C$20.48 and its 200 day moving average price is C$21.55. TELUS has a 1-year low of C$19.10 and a 1-year high of C$24.47. The firm has a market capitalization of C$30.67 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS (TSE:T - Get Free Report) NYSE: TU last released its quarterly earnings results on Friday, November 8th. The company reported C$0.28 EPS for the quarter, beating analysts' consensus estimates of C$0.23 by C$0.05. TELUS had a return on equity of 4.67% and a net margin of 3.91%. During the same period in the previous year, the firm earned $0.25 earnings per share.

Insider Transactions at TELUS

In related news, Director Marc Parent purchased 19,100 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of TELUS stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. Corporate insiders own 0.02% of the company's stock.

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.