Cormark Has Bullish Estimate for TELUS FY2024 Earnings

TELUS Co. (TSE:T - Free Report) NYSE: TU - Investment analysts at Cormark increased their FY2024 earnings per share estimates for TELUS in a research report issued to clients and investors on Monday, November 11th. Cormark analyst D. Mcfadgen now forecasts that the company will earn $0.99 per share for the year, up from their prior forecast of $0.94. The consensus estimate for TELUS's current full-year earnings is $1.23 per share. Cormark also issued estimates for TELUS's FY2025 earnings at $0.91 EPS.

T has been the topic of a number of other research reports. Scotiabank upgraded shares of TELUS from a "sector perform" rating to an "outperform" rating in a research report on Monday, October 28th. TD Securities cut their price target on shares of TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets raised their price objective on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Royal Bank of Canada cut their target price on TELUS from C$26.00 to C$25.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 6th. Finally, Canaccord Genuity Group downgraded 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 research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$24.46.

TELUS Trading Down 0.3 %

Shares of TSE T traded down C$0.07 during trading hours on Wednesday, hitting C$21.81. 3,033,366 shares of the company traded hands, compared to its average volume of 3,328,957. The stock has a market capitalization of C$32.28 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company's 50 day moving average price is C$22.32 and its 200 day moving average price is C$22.06. TELUS has a 12 month low of C$20.04 and a 12 month high of C$25.94. 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 announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a $0.402 dividend. This represents a $1.61 annualized dividend and a dividend yield of 7.37%. This is a boost from TELUS's previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. TELUS's dividend payout ratio 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.