Desjardins Weighs in on TELUS Co.’s Q3 2017 Earnings (T)

TELUS Co. (TSE:T) (NYSE:TU) – Analysts at Desjardins reduced their Q3 2017 earnings estimates for shares of TELUS in a note issued to investors on Tuesday. Desjardins analyst M. Yaghi now expects that the company will earn $0.71 per share for the quarter, down from their previous estimate of $0.72. Desjardins also issued estimates for TELUS’s FY2018 earnings at $3.08 EPS.

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Other analysts have also issued reports about the stock. Scotiabank upped their price target on shares of TELUS from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada upped their price target on shares of TELUS from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Monday, August 14th. Finally, TD Securities upped their price target on shares of TELUS from C$48.00 to C$49.00 and gave the stock a “hold” rating in a research report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. TELUS presently has a consensus rating of “Buy” and a consensus target price of C$47.56.

TELUS (TSE:T) opened at 45.04 on Thursday. The stock’s 50 day moving average is $44.64 and its 200 day moving average is $44.97. The firm has a market cap of $26.75 billion and a price-to-earnings ratio of 21.56. TELUS has a 52 week low of $44.91 and a 52 week high of $45.25.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were issued a $0.4925 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.48. This represents a $1.97 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Thursday, September 7th.

TELUS Company Profile

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Earnings History and Estimates for TELUS (TSE:T)

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