TELUS - TU Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TELUS in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TU shares.
View TU analyst ratings or view top-rated stocks.

7 analysts have issued twelve-month price objectives for TELUS's stock. Their TU share price forecasts range from $26.00 to $36.00. On average, they anticipate the company's stock price to reach $34.06 in the next year. This suggests a possible upside of 45.0% 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 $23.57 at the beginning of 2022. Since then, TU stock has decreased by 0.3% and is now trading at $23.49.
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TELUS saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 15,170,000 shares, an increase of 100.9% from the June 15th total of 7,550,000 shares. Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is presently 8.4 days.
View TELUS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our TU earnings forecast.

TELUS Co. (NYSE:TU) released its quarterly earnings results on Friday, August, 5th. The Wireless communications provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.10. The Wireless communications provider earned $4.37 billion during the quarter, compared to analyst estimates of $4.45 billion. TELUS had a trailing twelve-month return on equity of 9.57% and a net margin of 10.35%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS.

TELUS declared a quarterly dividend on Friday, August 5th. Investors of record on Friday, September 9th will be given a dividend of $0.265 per share on Monday, October 3rd. This represents a $1.06 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Thursday, September 8th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for TU.

TELUS (NYSE:TU) pays an annual dividend of $1.07 per share and currently has a dividend yield of 4.65%. 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 100.94%. 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 99.07% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TU.

Shares of TELUS split on Wednesday, March 18th 2020. The 2-1 split was announced on Thursday, February 13th 2020. The newly minted 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 issued an update on its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $14.71 billion-$14.98 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 number of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (3.37%), TD Asset Management Inc. (3.01%), Bank of Nova Scotia (1.53%), Toronto Dominion Bank (1.01%), Connor Clark & Lunn Investment Management Ltd. (0.99%) and Fiera Capital Corp (0.97%).

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 $23.49.

TELUS (NYSE:TU) has a market capitalization of $32.18 billion and generates $13.77 billion in revenue each year. The Wireless communications provider earns $1.32 billion in net income (profit) each year or $1.06 on an earnings per share basis.

The company employs 90,800 workers across the globe.

TELUS was founded in 1990.

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.