Q4 Earnings Estimate for TELUS Issued By Cormark (TSE:T)

TELUS Co. (TSE:T) (NYSE:TU) – Investment analysts at Cormark issued their Q4 2024 earnings per share estimates for TELUS in a research note issued on Thursday, February 6th. Cormark analyst D. Mcfadgen anticipates that the company will post earnings per share of $0.21 for the quarter. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

Several other equities research analysts have also issued reports on T. CIBC lowered their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. TD Securities cut their price objective on TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Scotiabank dropped their price target on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating on the stock in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$22.90.

TELUS Stock Up 0.2 %

T stock opened at C$20.90 on Friday. TELUS has a one year low of C$19.10 and a one year high of C$24.47. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The firm’s fifty day moving average is C$20.52 and its 200 day moving average is C$21.57. The firm has a market cap of C$30.93 billion, a PE ratio of 39.43, a P/E/G ratio of 1.65 and a beta of 0.72.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, November 8th. The company reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.23 by C$0.05. TELUS had a net margin of 3.91% and a return on equity of 4.67%. During the same quarter last year, the business posted $0.25 earnings per share.

Insider Buying and Selling at TELUS

In related news, Director Marc Parent purchased 19,100 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of TELUS stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. 0.02% of the stock is currently owned by insiders.

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.