Analysts Issue Forecasts for TELUS’s Q4 Earnings (TSE:T)

TELUS Co. (TSE:T) (NYSE:TU) – Stock analysts at Desjardins cut their Q4 2024 earnings estimates for shares of TELUS in a research note issued to investors on Monday, November 11th. Desjardins analyst J. Dubreuil now expects that the company will earn $0.20 per share for the quarter, down from their prior forecast of $0.22. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

A number of other equities analysts have also recently weighed in on T. TD Securities decreased their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Cormark cut their price objective on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday. Royal Bank of Canada reduced 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. Barclays lowered their price target on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Finally, CIBC reduced 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$24.46.

TELUS Stock Down 2.2 %

T opened at C$21.34 on Wednesday. The business’s fifty day simple moving average is C$22.32 and its 200 day simple moving average is C$22.06. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94. 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 stock has a market cap of C$31.58 billion, a PE ratio of 40.89, a P/E/G ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This represents a $1.61 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date 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%.

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.