Desjardins Has Negative Outlook for TELUS Q4 Earnings

TELUS Co. (TSE:T) (NYSE:TU) – Analysts at Desjardins reduced their Q4 2024 earnings per share estimates for shares of TELUS in a research report issued to clients and 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 estimate of $0.22. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

Other research analysts have also recently issued reports about the stock. Cormark reduced their price objective on shares of TELUS from C$26.00 to C$25.00 in a report on Monday. TD Securities decreased their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Barclays lowered their price objective on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and cut their target price for the company from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. Finally, BMO Capital Markets upped their price target on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TELUS has an average rating of “Moderate Buy” and a consensus target price of C$24.46.

TELUS Stock Down 2.2 %

T stock opened at C$21.34 on Wednesday. The stock’s 50 day simple moving average is C$22.32 and its 200 day simple moving average is C$22.06. The company has a market cap of C$31.58 billion, a P/E ratio of 40.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. TELUS has a fifty-two week low of C$20.04 and a fifty-two week high of C$25.94.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a $0.402 dividend. The ex-dividend date is Wednesday, December 11th. 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 7.54%. 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.