Desjardins Has Strong Estimate for TELUS FY2024 Earnings

TELUS Co. (TSE:T - Free Report) NYSE: TU - Equities research analysts at Desjardins boosted their FY2024 earnings estimates for shares of TELUS in a research report issued on Monday, November 11th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings of $0.99 per share for the year, up from their previous forecast of $0.96. The consensus estimate for TELUS's current full-year earnings is $1.23 per share. Desjardins also issued estimates for TELUS's FY2025 earnings at $1.00 EPS.

T has been the topic of a number of other research reports. Canaccord Genuity Group lowered shares of TELUS from a "buy" rating to a "hold" rating and dropped their price target for the company from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. BMO Capital Markets lifted their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Royal Bank of Canada dropped their price target on shares of TELUS from C$26.00 to C$25.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 6th. Cormark dropped their price target on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday. Finally, CIBC 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 Tuesday, August 6th. One 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's stock. According to data from MarketBeat.com, TELUS has a consensus rating of "Moderate Buy" and an average target price of C$24.46.

TELUS Stock Down 1.3 %

T traded down C$0.29 during midday trading on Thursday, hitting C$21.52. 1,695,943 shares of the company's stock traded hands, compared to its average volume of 3,321,567. The company has a market cap of C$31.85 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The stock's fifty day simple moving average is C$22.32 and its 200-day simple moving average is C$22.06. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS has a one year low of C$20.04 and a one year high of C$25.94.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be paid a $0.402 dividend. This represents a $1.61 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend is Wednesday, December 11th. This is an increase from TELUS's previous quarterly dividend of $0.39. TELUS's 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.