Cormark Equities Analysts Raise Earnings Estimates for TELUS

TELUS Co. (TSE:T) (NYSE:TU) – Research analysts at Cormark increased their FY2025 earnings per share estimates for shares of TELUS in a research report issued to clients and investors on Tuesday, March 4th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $0.99 per share for the year, up from their previous forecast of $0.91. Cormark has a “Hold” rating on the stock. The consensus estimate for TELUS’s current full-year earnings is $1.23 per share.

Several other equities research analysts have also recently commented on the company. Royal Bank of Canada lowered their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. TD Securities raised their price objective on shares of TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Barclays reduced their target price on TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on shares of TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a research note on Thursday, January 2nd. Finally, National Bank Financial cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$23.00.

TELUS Stock Performance

TELUS stock opened at C$22.06 on Thursday. The stock has a 50-day simple moving average of C$20.81 and a 200 day simple moving average of C$21.51. The stock has a market capitalization of C$33.21 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. TELUS has a 12-month low of C$19.10 and a 12-month high of C$23.97.

Insider Activity

In related news, Director Marc Parent acquired 19,100 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was purchased at an average cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Hazel Cynthia Claxton bought 1,845 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of C$21.70 per share, with a total value of C$40,036.50. 0.02% of the stock is owned by company insiders.

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.