National Bank Financial Predicts Higher Earnings for TELUS

TELUS Co. (NYSE:TU) (TSE:T) – Research analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for shares of TELUS in a report issued on Thursday, February 13th. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings of $0.74 per share for the year, up from their previous estimate of $0.73. National Bank Financial currently has a “Sector Perform” rating on the stock. The consensus estimate for TELUS’s current full-year earnings is $0.72 per share. National Bank Financial also issued estimates for TELUS’s FY2025 earnings at $0.74 EPS, FY2026 earnings at $0.78 EPS and FY2026 earnings at $0.78 EPS.

Several other equities analysts have also recently commented on TU. Morgan Stanley assumed coverage on TELUS in a report on Monday, December 16th. They issued an “equal weight” rating for the company. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Finally, StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, TELUS presently has an average rating of “Hold” and an average price target of $26.00.

TELUS Trading Down 1.1 %

Shares of TELUS stock opened at $15.22 on Monday. The company has a market cap of $22.82 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 4.85 and a beta of 0.75. TELUS has a 1 year low of $13.24 and a 1 year high of $18.16. The company’s fifty day simple moving average is $14.21 and its 200-day simple moving average is $15.44. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm posted $0.10 EPS.

Hedge Funds Weigh In On TELUS

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Burgundy Asset Management Ltd. increased its stake in TELUS by 26.1% during the 4th quarter. Burgundy Asset Management Ltd. now owns 198,708 shares of the Wireless communications provider’s stock worth $2,692,000 after purchasing an additional 41,119 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of TELUS by 120.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,056,749 shares of the Wireless communications provider’s stock worth $14,310,000 after acquiring an additional 576,964 shares during the period. Squarepoint Ops LLC bought a new stake in TELUS in the 4th quarter valued at $942,000. Tidal Investments LLC boosted its stake in TELUS by 117.9% in the 4th quarter. Tidal Investments LLC now owns 41,607 shares of the Wireless communications provider’s stock worth $564,000 after purchasing an additional 22,512 shares during the period. Finally, Toronto Dominion Bank increased its holdings in TELUS by 4.8% during the 4th quarter. Toronto Dominion Bank now owns 10,344,369 shares of the Wireless communications provider’s stock worth $140,086,000 after purchasing an additional 475,625 shares in the last quarter. 49.40% of the stock is owned by institutional investors.

TELUS Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.2829 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.44%. TELUS’s payout ratio is currently 242.56%.

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.