TELUS Co. (NYSE:TU – Free Report) (TSE:T) – Research analysts at National Bank Financial cut their FY2025 earnings estimates for shares of TELUS in a note issued to investors on Tuesday, October 1st. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will post earnings of $0.73 per share for the year, down from their prior estimate of $0.74. The consensus estimate for TELUS’s current full-year earnings is $0.74 per share.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, TELUS presently has a consensus rating of “Hold” and an average target price of $27.33.
TELUS Price Performance
Shares of TU stock opened at $16.30 on Thursday. TELUS has a 12-month low of $14.63 and a 12-month high of $19.14. The firm has a market capitalization of $24.16 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. The firm has a fifty day moving average of $16.42 and a 200-day moving average of $16.13.
TELUS (NYSE:TU – Get Free Report) (TSE:T) last announced its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. TELUS had a net margin of 3.87% and a return on equity of 8.50%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the business earned $0.14 EPS.
Institutional Investors Weigh In On TELUS
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fairscale Capital LLC bought a new stake in TELUS during the 2nd quarter worth about $27,000. Blue Trust Inc. lifted its position in TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after buying an additional 954 shares in the last quarter. Gulf International Bank UK Ltd lifted its position in TELUS by 39.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 2,752 shares of the Wireless communications provider’s stock worth $44,000 after buying an additional 784 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in TELUS during the 1st quarter worth about $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in TELUS during the 1st quarter worth about $71,000. 49.40% of the stock is owned by institutional investors.
TELUS Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a $0.284 dividend. The ex-dividend date was Tuesday, September 10th. This is a positive change from TELUS’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 6.97%. TELUS’s dividend payout ratio is presently 294.88%.
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.
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