FY2025 Earnings Forecast for TELUS Issued By Desjardins

TELUS Co. (NYSE:TU - Free Report) TSE: T - Stock analysts at Desjardins lifted their FY2025 earnings per share (EPS) estimates for shares of TELUS in a research note issued to investors on Monday, May 12th. Desjardins analyst J. Dubreuil now anticipates that the Wireless communications provider will earn $0.73 per share for the year, up from their prior estimate of $0.68. The consensus estimate for TELUS's current full-year earnings is $0.71 per share.

Several other research analysts have also commented on TU. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Cormark lowered 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. National Bankshares reissued a "sector perform" rating on shares of TELUS in a research report on Monday. Finally, Canaccord Genuity Group lifted their price objective on shares of TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a research note on Monday. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.50.

TELUS Stock Performance

Shares of TELUS stock traded up $0.08 on Wednesday, hitting $15.78. The stock had a trading volume of 1,957,446 shares, compared to its average volume of 2,910,302. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of 32.20, a P/E/G 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 52-week low of $13.24 and a 52-week high of $17.27. The company's 50 day moving average price is $14.81 and its 200 day moving average price is $14.82.

Hedge Funds Weigh In On TELUS

Several institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in shares of TELUS by 22.6% in the fourth quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider's stock valued at $667,840,000 after acquiring an additional 9,068,181 shares in the last quarter. Bank of Nova Scotia lifted its position in 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 valued at $409,662,000 after purchasing an additional 6,659,564 shares during the period. Vanguard Group Inc. boosted its holdings in TELUS by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 26,185,917 shares of the Wireless communications provider's stock valued at $375,585,000 after purchasing an additional 384,510 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in TELUS by 9.2% during the 1st 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 purchasing an additional 1,938,521 shares during the period. Finally, Scotia Capital Inc. increased its position in TELUS by 4.7% during the 1st quarter. Scotia Capital Inc. now owns 18,553,552 shares of the Wireless communications provider's stock worth $266,146,000 after purchasing 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 10th will be given a $0.2989 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.58%. This is a positive change from TELUS's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, June 10th. TELUS's dividend payout ratio (DPR) is 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.