National Bank Financial Estimates TELUS FY2025 Earnings

TELUS Corporation (NYSE:TU) (TSE:T) – Equities researchers at National Bank Financial reduced their FY2025 EPS estimates for shares of TELUS in a research report issued on Sunday, June 29th. National Bank Financial analyst A. Shine now expects that the Wireless communications provider will post earnings of $0.80 per share for the year, down from their previous forecast of $0.81. The consensus estimate for TELUS’s current full-year earnings is $0.71 per share.

Other research analysts have also recently issued reports about the company. National Bankshares reissued a “sector perform” rating on shares of TELUS in a research note on Monday, May 12th. Canaccord Genuity Group lifted their price objective on TELUS from $20.25 to $21.50 and gave the company a “hold” rating in a report on Monday, May 12th. Finally, Bank of America lowered TELUS from a “buy” rating to a “neutral” rating in a research report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.50.

TELUS Price Performance

TU opened at $16.21 on Wednesday. The stock has a market cap of $24.72 billion, a P/E ratio of 28.44, a P/E/G ratio of 4.95 and a beta of 0.73. TELUS has a 12 month low of $13.24 and a 12 month high of $17.27. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $14.97.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 10th were paid a $0.2989 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This is a positive change from TELUS’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 7.38%. TELUS’s dividend payout ratio is presently 212.28%.

Hedge Funds Weigh In On TELUS

A number of large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in shares of TELUS by 22.6% in the fourth quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider’s stock valued at $667,840,000 after purchasing an additional 9,068,181 shares in the last quarter. Goldman Sachs Group Inc. raised its position in TELUS by 196.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,836,479 shares of the Wireless communications provider’s stock valued at $169,735,000 after buying an additional 7,840,264 shares during the last quarter. Bank of Nova Scotia lifted its stake in TELUS by 28.3% in the 4th quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider’s stock valued at $409,662,000 after acquiring an additional 6,659,564 shares in the last quarter. Norges Bank bought a new stake in TELUS in the 4th quarter valued at approximately $70,212,000. Finally, Federation des caisses Desjardins du Quebec boosted its position in TELUS by 9.2% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 22,899,251 shares of the Wireless communications provider’s stock worth $328,588,000 after acquiring an additional 1,938,521 shares during the last quarter. Institutional investors own 49.40% of the company’s stock.

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.