FY2027 Earnings Estimate for TELUS Issued By Desjardins

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

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group upped their price objective on shares of TELUS from $20.25 to $21.50 and gave the stock a "hold" rating in a research report on Monday, May 12th. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of TELUS in a research note on Monday, May 12th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.50.

TELUS Stock Performance

TU stock traded up $0.08 on Tuesday, hitting $15.78. The company's stock had a trading volume of 1,957,446 shares, compared to its average volume of 2,914,310. 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. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. TELUS has a 1 year low of $13.24 and a 1 year high of $17.27. The firm has a 50 day moving average of $14.81 and a two-hundred day moving average of $14.82.

Institutional Investors Weigh In On TELUS

A number of large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its stake in shares of TELUS by 22.6% during the 4th quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider's stock worth $667,840,000 after purchasing an additional 9,068,181 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of TELUS by 28.3% in the fourth quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider's stock worth $409,662,000 after acquiring an additional 6,659,564 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of TELUS by 1.5% in the first quarter. Vanguard Group Inc. now owns 26,185,917 shares of the Wireless communications provider's stock worth $375,585,000 after acquiring an additional 384,510 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of TELUS by 9.2% in the first quarter. Federation des caisses Desjardins du Quebec now owns 22,899,251 shares of the Wireless communications provider's stock worth $328,588,000 after acquiring an additional 1,938,521 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in TELUS by 4.7% in the first quarter. Scotia Capital Inc. now owns 18,553,552 shares of the Wireless communications provider's stock valued at $266,146,000 after buying an additional 831,282 shares during the period. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 10th will be paid a $0.2989 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.58%. This is a boost from TELUS's previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, June 10th. TELUS's dividend payout ratio is presently 234.69%.

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.