Desjardins Has Positive Outlook of TELUS FY2025 Earnings

TELUS Co. (NYSE:TU) (TSE:T) – Desjardins upped their FY2025 EPS estimates for TELUS in a research report issued on Monday, May 12th. Desjardins analyst J. Dubreuil now anticipates that the Wireless communications provider will post earnings of $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 research reports about the company. Canaccord Genuity Group lifted their price target on TELUS from $20.25 to $21.50 and gave the company a “hold” rating in a research note on Monday. Bank of America lowered TELUS from a “buy” rating to a “neutral” rating in a research report on Friday, March 21st. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Cormark downgraded shares of TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.50.

TELUS Trading Down 1.6%

TU opened at $15.68 on Wednesday. The stock has a market capitalization of $23.74 billion, a P/E ratio of 32.00, a P/E/G ratio of 5.18 and a beta of 0.73. The company has a current ratio of 0.68, a quick ratio of 0.61 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 200 day simple moving average is $14.82.

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. The ex-dividend date is Tuesday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.63%. This is a boost from TELUS’s previous quarterly dividend of $0.28. TELUS’s dividend payout ratio is currently 226.53%.

Hedge Funds Weigh In On TELUS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in TELUS by 71.9% in the first quarter. Farther Finance Advisors LLC now owns 2,321 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 971 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of TELUS by 112,425.0% in the 1st 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 lifted its stake in TELUS by 1,756.0% in the 4th 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 last quarter. Optiver Holding B.V. acquired a new stake in TELUS in the 4th quarter valued at about $120,000. Finally, Trust Co. of Vermont grew its holdings in TELUS by 10.5% during the first quarter. Trust Co. of Vermont now owns 8,423 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 800 shares during the period. 49.40% of the stock is owned by institutional investors.

TELUS Company Profile

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.