Cormark Brokers Increase Earnings Estimates for TELUS

TELUS Co. (TSE:T) (NYSE:TU) – Research analysts at Cormark increased their FY2024 earnings estimates for TELUS in a research report issued to clients and investors on Monday, November 11th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of $0.99 per share for the year, up from their prior estimate of $0.94. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share. Cormark also issued estimates for TELUS’s FY2025 earnings at $0.91 EPS.

Other analysts have also recently issued reports about the company. TD Securities reduced their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Barclays decreased their price objective on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. BMO Capital Markets upped their target price on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating in a report on Monday, October 28th. Finally, CIBC lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, TELUS presently has a consensus rating of “Moderate Buy” and an average target price of C$24.46.

TELUS Stock Performance

Shares of T stock opened at C$21.88 on Wednesday. The firm has a 50 day moving average of C$22.31 and a two-hundred day moving average of C$22.06. The stock has a market capitalization of C$32.38 billion, a PE ratio of 41.28, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a $0.402 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a yield of 7.35%. This is a boost 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.