Q4 Earnings Forecast for TELUS Issued By Cormark (NYSE:TU)

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

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

TU has been the topic of several other reports. National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Morgan Stanley started coverage on TELUS in a research note on Monday, December 16th. They set an “equal weight” rating for the company. Finally, StockNews.com cut shares of TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS has a consensus rating of “Hold” and an average target price of $26.00.

TELUS Trading Down 0.3 %

Shares of TELUS stock opened at $14.60 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. The stock has a market capitalization of $21.89 billion, a PE ratio of 31.05, a P/E/G ratio of 4.81 and a beta of 0.75. TELUS has a 1-year low of $13.24 and a 1-year high of $18.16. The company’s fifty day simple moving average is $14.34 and its 200-day simple moving average is $15.50.

Institutional Trading of TELUS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in TELUS in the 4th quarter valued at $2,085,000. Nicola Wealth Management LTD. grew its position in shares of TELUS by 3.0% during the fourth quarter. Nicola Wealth Management LTD. now owns 1,093,119 shares of the Wireless communications provider’s stock valued at $14,823,000 after purchasing an additional 32,300 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of TELUS by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,666,551 shares of the Wireless communications provider’s stock worth $22,585,000 after purchasing an additional 151,309 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of TELUS by 80.5% in the fourth quarter. Jones Financial Companies Lllp now owns 48,244 shares of the Wireless communications provider’s stock worth $654,000 after buying an additional 21,510 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in TELUS by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 466,034 shares of the Wireless communications provider’s stock valued at $6,319,000 after buying an additional 15,025 shares during the last quarter. Institutional investors own 49.40% 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.