What is Cormark's Forecast for TELUS FY2025 Earnings?

TELUS Co. (TSE:T - Free Report) NYSE: TU - Investment analysts at Cormark raised their FY2025 earnings estimates for TELUS in a note issued to investors on Tuesday, March 4th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $0.99 per share for the year, up from their prior forecast of $0.91. Cormark has a "Hold" rating on the stock. The consensus estimate for TELUS's current full-year earnings is $1.23 per share.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of TELUS from C$23.00 to C$22.00 and set a "neutral" rating on the stock in a research note on Thursday, January 2nd. National Bank Financial cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 12th. National Bankshares dropped their target price on shares of TELUS from C$22.00 to C$21.00 and set a "sector perform" rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada reduced their price target on 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. Finally, 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 research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$23.00.

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TELUS Price Performance

Shares of TELUS stock traded up C$0.36 during midday trading on Thursday, reaching C$22.72. The company had a trading volume of 6,264,017 shares, compared to its average volume of 4,136,797. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The stock has a fifty day simple moving average of C$20.93 and a 200 day simple moving average of C$21.51. TELUS has a 1-year low of C$19.10 and a 1-year high of C$23.43. The company has a market capitalization of C$34.21 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insider Activity

In related news, Director Marc Parent purchased 19,100 shares of TELUS stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Hazel Cynthia Claxton purchased 1,845 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of C$21.70 per share, for a total transaction of C$40,036.50. 0.02% of the stock is owned by corporate insiders.

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.