Desjardins Has Positive Outlook of TELUS FY2024 Earnings

TELUS Co. (TSE:T) (NYSE:TU) – Analysts at Desjardins raised their FY2024 EPS estimates for shares of TELUS in a research report issued to clients and investors on Monday, November 11th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings of $0.99 per share for the year, up from their prior estimate 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.

A number of other equities research analysts have also recently issued reports on the company. CIBC lowered their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. TD Securities lowered 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 research report on Wednesday, August 7th. Barclays cut their price objective on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Royal Bank of Canada lowered their target price on shares of TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Finally, BMO Capital Markets raised their price target on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, TELUS has an average rating of “Moderate Buy” and an average target price of C$24.46.

TELUS Stock Performance

TSE:T opened at C$21.39 on Thursday. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. The company has a market capitalization of C$31.66 billion, a P/E ratio of 40.15, a P/E/G 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 business has a fifty day simple moving average of C$22.31 and a two-hundred day simple moving average of C$22.05.

TELUS Increases Dividend

The firm 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 dividend of $0.402 per share. This represents a $1.61 annualized dividend and a yield of 7.52%. This is a boost 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%.

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.