Q4 Earnings Forecast for TELUS Issued By Cormark (TSE:T)

TELUS Co. (TSE:T) (NYSE:TU) – Research analysts at Cormark issued their Q4 2024 EPS estimates for TELUS in a research note issued to investors on Thursday, February 6th. Cormark analyst D. Mcfadgen anticipates that the company will post earnings of $0.21 per share for the quarter. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

T has been the subject of a number of other reports. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. TD Securities decreased their price objective on TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada decreased 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 Wednesday, December 18th. National Bankshares decreased their price objective on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their price target on TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, TELUS currently has a consensus rating of “Hold” and an average target price of C$22.90.

TELUS Trading Down 1.5 %

Shares of T opened at C$20.58 on Friday. The business’s 50-day moving average price is C$20.51 and its 200 day moving average price is C$21.56. The stock has a market capitalization of C$30.46 billion, a P/E ratio of 38.83, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a 1-year low of C$19.10 and a 1-year high of C$24.47. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, November 8th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.05. TELUS had a return on equity of 4.67% and a net margin of 3.91%. During the same quarter last year, the company earned $0.25 EPS.

Insiders Place Their Bets

In other news, Director Victor George Dodig acquired 100,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent acquired 19,100 shares of the stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of C$22.04 per share, for a total transaction of C$420,964.00. Company insiders own 0.02% of the company’s stock.

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.