Desjardins Has Bearish Outlook for TELUS FY2027 Earnings

TELUS Co. (NYSE:TU - Free Report) TSE: T - Stock analysts at Desjardins dropped their FY2027 EPS estimates for TELUS in a note issued to investors on Monday, May 12th. Desjardins analyst J. Dubreuil now forecasts that the Wireless communications provider will post earnings per share of $0.84 for the year, down from their previous estimate of $0.85. The consensus estimate for TELUS's current full-year earnings is $0.71 per share.

Several other analysts have also recently issued reports on TU. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Canaccord Genuity Group lifted their target price on shares of TELUS from $20.25 to $21.50 and gave the stock a "hold" rating in a research note on Monday. National Bankshares reissued a "sector perform" rating on shares of TELUS in a research report on Monday. Bank of America lowered TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Finally, Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, TELUS presently has a consensus rating of "Hold" and an average price target of $21.50.

TELUS Price Performance

Shares of TU traded up $0.08 during mid-day trading on Tuesday, hitting $15.78. 1,957,446 shares of the company were exchanged, compared to its average volume of 2,910,302. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The company has a 50 day moving average of $14.80 and a 200-day moving average of $14.83. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 5.18 and a beta of 0.73. TELUS has a 1-year low of $13.24 and a 1-year high of $17.27.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 10th will be issued a dividend of $0.2989 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.58%. This is a positive change from TELUS's previous quarterly dividend of $0.28. TELUS's dividend payout ratio (DPR) is currently 234.69%.

Hedge Funds Weigh In On TELUS

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in TELUS by 71.9% in the first quarter. Farther Finance Advisors LLC now owns 2,321 shares of the Wireless communications provider's stock valued at $33,000 after buying an additional 971 shares in the last quarter. NBC Securities Inc. raised its position in shares of TELUS by 112,425.0% in the first quarter. NBC Securities Inc. now owns 4,501 shares of the Wireless communications provider's stock valued at $64,000 after buying an additional 4,497 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of TELUS by 1,756.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock worth $65,000 after purchasing an additional 4,548 shares during the period. Optiver Holding B.V. acquired a new stake in TELUS in the 4th quarter worth about $120,000. Finally, Trust Co. of Vermont grew its holdings in TELUS by 10.5% in the 1st quarter. Trust Co. of Vermont now owns 8,423 shares of the Wireless communications provider's stock valued at $121,000 after buying an additional 800 shares during the period. 49.40% of the stock is owned by institutional investors and hedge funds.

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.