Cormark Weighs in on TELUS’s Q4 Earnings (NYSE:TU)

TELUS Co. (NYSE:TU) (TSE:T) – Investment analysts at Cormark issued their Q4 2024 earnings per share estimates for TELUS in a report issued on Thursday, February 6th. Cormark analyst D. Mcfadgen anticipates that the Wireless communications provider will post earnings of $0.14 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $0.72 per share.

Several other research firms also recently commented on TU. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Morgan Stanley began coverage on TELUS in a research report on Monday, December 16th. They issued an “equal weight” rating on the stock. Finally, National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.00.

TELUS Price Performance

Shares of NYSE TU opened at $14.40 on Friday. The business’s 50 day moving average price is $14.32 and its two-hundred day moving average price is $15.49. The company has a market cap of $21.60 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 4.81 and a beta of 0.75. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. TELUS has a twelve month low of $13.24 and a twelve month high of $18.16.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share.

Institutional Investors Weigh In On TELUS

Several institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI increased its holdings in shares of TELUS by 24.2% during the third quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider’s stock worth $438,922,000 after buying an additional 5,094,269 shares in the last quarter. FMR LLC increased its holdings in shares of TELUS by 192.0% during the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock worth $22,257,000 after buying an additional 872,235 shares in the last quarter. Centre Asset Management LLC acquired a new position in shares of TELUS during the fourth quarter worth $6,946,000. Duff & Phelps Investment Management Co. increased its holdings in shares of TELUS by 13.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider’s stock worth $44,785,000 after buying an additional 317,000 shares in the last quarter. Finally, Nicola Wealth Management LTD. increased its holdings in shares of TELUS by 35.7% during the third quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider’s stock worth $17,801,000 after buying an additional 279,000 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors.

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.