Desjardins Has Bullish Outlook for TELUS FY2025 Earnings

TELUS Co. (NYSE:TU) (TSE:T) – Desjardins boosted their FY2025 EPS estimates for shares of TELUS in a note issued to investors on Monday, May 12th. Desjardins analyst J. Dubreuil now expects that the Wireless communications provider will post earnings of $0.73 per share for the year, up from their prior forecast of $0.68. The consensus estimate for TELUS’s current full-year earnings is $0.71 per share.

Several other research analysts also recently issued reports on the stock. StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Cormark cut TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Canaccord Genuity Group lifted their target price on TELUS from $20.25 to $21.50 and gave the stock a “hold” rating in a report on Monday. National Bankshares restated a “sector perform” rating on shares of TELUS in a research note on Monday. Finally, Bank of America cut TELUS from a “buy” rating to a “neutral” rating in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.50.

TELUS Stock Performance

Shares of TU stock opened at $15.69 on Wednesday. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 5.18 and a beta of 0.73. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. TELUS has a one year low of $13.24 and a one year high of $17.27. The company’s 50-day moving average is $14.80 and its 200 day moving average is $14.83.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 10th will be given a $0.2989 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from TELUS’s previous quarterly dividend of $0.28. TELUS’s payout ratio is 234.69%.

Institutional Investors Weigh In On TELUS

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in shares of TELUS by 71.9% in the first quarter. Farther Finance Advisors LLC now owns 2,321 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 971 shares during the period. NBC Securities Inc. boosted its position in TELUS by 112,425.0% in the first quarter. NBC Securities Inc. now owns 4,501 shares of the Wireless communications provider’s stock worth $64,000 after purchasing an additional 4,497 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of TELUS by 1,756.0% during 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 period. Optiver Holding B.V. bought a new stake in shares of TELUS during the 4th quarter valued at about $120,000. Finally, Trust Co. of Vermont increased its position in shares of TELUS by 10.5% during the 1st quarter. Trust Co. of Vermont now owns 8,423 shares of the Wireless communications provider’s stock valued at $121,000 after purchasing an additional 800 shares during the last quarter. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

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.