Desjardins Issues Pessimistic Estimate for TELUS Earnings

TELUS Co. (TSE:T - Free Report) NYSE: TU - Stock analysts at Desjardins decreased their Q4 2024 earnings estimates for shares of TELUS in a research report issued to clients and investors on Monday, November 11th. Desjardins analyst J. Dubreuil now anticipates that the company will earn $0.20 per share for the quarter, down from their previous estimate of $0.22. The consensus estimate for TELUS's current full-year earnings is $1.23 per share.

T has been the topic of a number of other reports. Scotiabank upgraded shares of TELUS from a "sector perform" rating to an "outperform" rating in a research report on Monday, October 28th. BMO Capital Markets increased their price objective on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. CIBC dropped their target price on TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research report on Tuesday, August 6th. Barclays lowered their price objective on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. Finally, Canaccord Genuity Group cut shares of TELUS from a "buy" rating to a "hold" rating and lowered their price target for the stock from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, TELUS currently has a consensus rating of "Moderate Buy" and a consensus target price of C$24.46.

TELUS Price Performance

Shares of T stock traded down C$0.07 during trading hours on Wednesday, hitting C$21.81. The company had a trading volume of 3,033,366 shares, compared to its average volume of 3,328,957. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The firm has a market capitalization of C$32.28 billion, a price-to-earnings ratio of 41.28, 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 firm's fifty day moving average is C$22.32 and its 200 day moving average is C$22.06.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a $0.402 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 7.37%. This is a positive change from TELUS's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS's 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.