Desjardins Brokers Decrease Earnings Estimates for TELUS

TELUS Co. (TSE:T) (NYSE:TU) – Equities researchers at Desjardins dropped their Q4 2024 earnings estimates for TELUS in a research note issued on Monday, November 11th. Desjardins analyst J. Dubreuil now expects that the company will post earnings per share of $0.20 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.

Several other analysts have also issued reports on the company. Cormark dropped their target price on TELUS from C$26.00 to C$25.00 in a report on Monday. CIBC decreased their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. TD Securities dropped 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 lowered their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada cut their target price on shares of TELUS from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. One 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. Based on data from MarketBeat, TELUS currently has an average rating of “Moderate Buy” and a consensus price target of C$24.46.

TELUS Price Performance

TSE T opened at C$21.81 on Wednesday. The firm’s 50 day moving average is C$22.32 and its 200-day moving average is C$22.06. 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 company has a market capitalization of C$32.28 billion, a PE ratio of 41.28, a price-to-earnings-growth 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.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This is a boost from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a dividend yield of 7.37%. The ex-dividend date is Wednesday, December 11th. TELUS’s payout ratio is 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.