Desjardins Issues Pessimistic Forecast for TELUS Earnings

Key Points

• Desjardins cut its FY2025 EPS estimate for TELUS to $0.96 (from $0.99) while maintaining a Buy rating and a C$24 price target, a figure well below the market consensus of $1.23.
• Analyst sentiment is mixed — six Buy and six Hold ratings produce a consensus rating of “Moderate Buy” with a consensus price target of C$23.23, and peers have recently both raised and lowered targets (Scotiabank/CIBC up, BMO down).
• TELUS shares trade around C$20.68 (12‑month range C$19.10–C$23.29) with a market cap near C$31.6B, a P/E of ~31.8 and a very high debt‑to‑equity (~183), suggesting limited near‑term upside and elevated balance‑sheet risk.

TELUS Co. (TSE:T - Free Report) NYSE: TU - Research analysts at Desjardins cut their FY2025 EPS estimates for TELUS in a research note issued on Sunday, November 9th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings of $0.96 per share for the year, down from their previous forecast of $0.99. Desjardins has a "Buy" rating and a $24.00 price objective on the stock. The consensus estimate for TELUS's current full-year earnings is $1.23 per share. Desjardins also issued estimates for TELUS's Q4 2025 earnings at $0.24 EPS, FY2026 earnings at $0.97 EPS and FY2027 earnings at $1.06 EPS.

A number of other equities research analysts have also commented on T. BMO Capital Markets reduced their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Monday. National Bankshares set a C$23.00 price target on shares of TELUS and gave the company a "sector perform" rating in a research report on Tuesday, August 12th. Scotiabank lifted their price objective on TELUS from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Monday, September 8th. Finally, CIBC upped their target price on TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.23.

TELUS Price Performance

Shares of T stock opened at C$20.68 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. TELUS has a twelve month low of C$19.10 and a twelve month high of C$23.29. The business has a fifty day simple moving average of C$21.55 and a 200 day simple moving average of C$21.92. The company has a market cap of C$31.58 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.65 and a beta of 0.93.

About TELUS

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.

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