Desjardins Comments on TELUS's FY2025 Earnings (NYSE:TU)

TELUS Co. (NYSE:TU - Free Report) TSE: T - Investment analysts at Desjardins lifted their FY2025 earnings per share 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 $0.73 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.

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

TELUS Trading Up 0.3%

TELUS stock traded up $0.05 during mid-day trading on Wednesday, hitting $15.85. 283,055 shares of the stock were exchanged, compared to its average volume of 2,903,829. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. TELUS has a 12 month low of $13.24 and a 12 month high of $17.27. The firm's fifty day simple moving average is $14.81 and its two-hundred day simple moving average is $14.81. The stock has a market capitalization of $23.99 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 5.18 and a beta of 0.73.

Institutional Trading of TELUS

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in shares of TELUS by 71.9% during the first quarter. Farther Finance Advisors LLC now owns 2,321 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 971 shares during the period. NBC Securities Inc. boosted its stake in shares of TELUS by 112,425.0% during the first quarter. NBC Securities Inc. now owns 4,501 shares of the Wireless communications provider's stock valued at $64,000 after purchasing an additional 4,497 shares during the period. Avior Wealth Management LLC boosted its stake in shares of TELUS by 1,756.0% during the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock valued at $65,000 after purchasing an additional 4,548 shares during the period. Optiver Holding B.V. purchased a new stake in shares of TELUS during the fourth quarter valued at approximately $120,000. Finally, Trust Co. of Vermont boosted its stake in shares of TELUS by 10.5% during the first quarter. Trust Co. of Vermont now owns 8,423 shares of the Wireless communications provider's stock valued at $121,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 49.40% of the company's stock.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.2989 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date is Tuesday, June 10th. This is a positive change from TELUS's previous quarterly dividend of $0.28. TELUS's dividend payout ratio is 201.75%.

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.