Desjardins Has Strong Forecast for TELUS FY2025 Earnings

TELUS Co. (TSE:T - Free Report) NYSE: TU - Equities research analysts at Desjardins raised their FY2025 earnings per share estimates for shares of TELUS in a research note issued on Monday, May 12th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings per share of $1.01 for the year, up from their prior forecast of $0.97. The consensus estimate for TELUS's current full-year earnings is $1.23 per share.

A number of other equities research analysts have also issued reports on T. TD Securities upped their price target on TELUS from C$24.00 to C$25.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Canaccord Genuity Group upped their target price on TELUS from C$20.25 to C$21.50 in a report on Monday. Scotiabank set a C$23.50 price target on TELUS and gave the stock an "outperform" rating in a report on Wednesday, April 16th. Cormark cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Barclays reduced their target price on shares of TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, TELUS presently has a consensus rating of "Hold" and an average price target of C$22.88.

TELUS Price Performance

Shares of TELUS stock traded up C$0.17 during mid-day trading on Wednesday, reaching C$22.07. 2,996,257 shares of the stock traded hands, compared to its average volume of 4,300,300. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The business has a 50-day moving average of C$20.82 and a 200 day moving average of C$21.01. The stock has a market capitalization of C$33.23 billion, a PE ratio of 35.81, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$23.43.

Insider Buying and Selling at TELUS

In other TELUS news, Director Hazel Cynthia Claxton purchased 1,845 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of C$21.70 per share, for a total transaction of C$40,036.50. 0.02% of the stock is currently owned by insiders.

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.