TELUS (TU) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TU shares.
View TU analyst ratings or view top-rated stocks.

3 brokerages have issued 12-month price targets for TELUS's shares. Their TU share price forecasts range from $21.00 to $34.00. On average, they expect the company's share price to reach $30.88 in the next year. This suggests a possible upside of 62.6% from the stock's current price.
View analysts price targets for TU or view top-rated stocks among Wall Street analysts.

TELUS's stock was trading at $19.31 at the start of the year. Since then, TU shares have decreased by 1.7% and is now trading at $18.99.
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TELUS saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 12,030,000 shares, a drop of 16.5% from the April 15th total of 14,410,000 shares. Based on an average trading volume of 1,550,000 shares, the short-interest ratio is currently 7.8 days.
View TELUS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our TU earnings forecast.

TELUS Co. (NYSE:TU) announced its quarterly earnings data on Friday, November, 5th. The Wireless communications provider reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. The Wireless communications provider had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.29 billion. TELUS had a net margin of 7.65% and a trailing twelve-month return on equity of 9.14%. The firm's revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS.

TELUS declared a quarterly dividend on Thursday, May 4th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.268 per share on Tuesday, July 4th. This represents a $1.07 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Thursday, June 8th. This is a positive change from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for TU.

TELUS (NYSE:TU) pays an annual dividend of $1.03 per share and currently has a dividend yield of 5.36%. TU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 130.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TU will have a dividend payout ratio of 113.19% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TU.

TELUS's stock split on the morning of Wednesday, March 18th 2020. The 2-1 split was announced on Thursday, February 13th 2020. The newly created shares were payable to shareholders after the closing bell on Tuesday, March 17th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

TELUS updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $15.12 billion-$15.53 billion, compared to the consensus revenue estimate of $15.07 billion.

330 employees have rated TELUS Chief Executive Officer Darren Entwistle on Glassdoor.com. Darren Entwistle has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other TELUS investors own include AT&T (T), Pfizer (PFE), Verizon Communications (VZ), Energy Transfer (ET), AbbVie (ABBV), Intel (INTC), Altria Group (MO), Enterprise Products Partners (EPD), Johnson & Johnson (JNJ) and Walmart (WMT).

TELUS trades on the New York Stock Exchange (NYSE) under the ticker symbol "TU."

TELUS's stock is owned by a variety of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (4.23%), 1832 Asset Management L.P. (2.05%), CIBC Asset Management Inc (1.61%), National Bank of Canada FI (1.27%), Toronto Dominion Bank (1.02%) and Scotia Capital Inc. (0.98%).

Shares of TU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TU stock can currently be purchased for approximately $18.99.

TELUS (NYSE:TU) has a market capitalization of $27.35 billion and generates $14.16 billion in revenue each year. The Wireless communications provider earns $1.24 billion in net income (profit) each year or $0.79 on an earnings per share basis.

The company employs 108,500 workers across the globe.

TELUS's mailing address is 510 West Georgia Street, Vancouver A1, V6B 0M3. The official website for the company is www.telus.com. The Wireless communications provider can be reached via phone at (604) 697-8044 or via email at ir@telus.com.