FY2017 EPS Estimates for TELUS Co. (T) Cut by Desjardins

TELUS Co. (TSE:T) (NYSE:TU) – Stock analysts at Desjardins lowered their FY2017 earnings per share (EPS) estimates for TELUS in a report issued on Friday. Desjardins analyst M. Yaghi now forecasts that the company will post earnings of $2.68 per share for the year, down from their prior estimate of $2.69.

T has been the subject of several other research reports. Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. Canaccord Genuity lifted their price objective on shares of TELUS from C$50.00 to C$51.00 in a research note on Monday, November 13th. CIBC lifted their price objective on shares of TELUS from C$48.00 to C$50.00 in a research note on Monday, November 13th. Citigroup lifted their price objective on shares of TELUS from C$52.00 to C$54.00 in a research note on Monday, November 13th. Finally, Royal Bank of Canada raised shares of TELUS from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$47.00 to C$51.00 in a research note on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. TELUS presently has an average rating of “Buy” and an average price target of C$51.25.

Shares of TELUS (TSE T) opened at C$47.06 on Monday. TELUS has a 52 week low of C$42.22 and a 52 week high of C$48.94. The stock has a market cap of $27,790.00, a price-to-earnings ratio of 22.09 and a beta of 0.56.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were given a dividend of $0.505 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, December 8th. This represents a $2.02 dividend on an annualized basis and a yield of 4.29%. TELUS’s payout ratio is currently 91.31%.

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About TELUS

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

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