National Bank Financial Expects Stronger Earnings for TELUS

TELUS Co. (TSE:T - Free Report) NYSE: TU - Equities research analysts at National Bank Financial boosted their FY2024 EPS estimates for TELUS in a report issued on Sunday, November 10th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $1.01 per share for the year, up from their previous forecast of $0.97. The consensus estimate for TELUS's current full-year earnings is $1.23 per share. National Bank Financial also issued estimates for TELUS's FY2025 earnings at $1.02 EPS.

Other equities analysts have also recently issued research reports about the stock. Cormark reduced their price target on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday. Barclays reduced their target price on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Canaccord Genuity Group cut TELUS from a "buy" rating to a "hold" rating and lowered their target price for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. BMO Capital Markets upped their price target on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Finally, CIBC lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$24.46.

TELUS Trading Down 0.3 %

Shares of TELUS stock traded down C$0.07 during trading on Wednesday, reaching C$21.81. 3,033,366 shares of the stock were exchanged, compared to its average volume of 3,328,957. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The firm has a market cap 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. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94. The stock's fifty day moving average is C$22.32 and its 200 day moving average is C$22.06.

TELUS Increases Dividend

The firm also recently disclosed 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 is a positive change from TELUS's previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.37%. TELUS's dividend payout ratio is 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.