Research Analysts Issue Forecasts for TELUS Co.’s FY2017 Earnings (T)
TELUS Co. (TSE:T) (NYSE:TU) – Equities research analysts at Cormark dropped their FY2017 earnings estimates for shares of TELUS in a report issued on Monday. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $2.62 for the year, down from their prior estimate of $2.63.
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A number of other equities analysts have also commented on T. TD Securities boosted their price objective on shares of TELUS from C$48.00 to C$49.00 and gave the stock a “hold” rating in a report on Monday. Royal Bank Of Canada boosted their price objective on shares of TELUS from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Monday. Scotiabank boosted their price objective on shares of TELUS from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley upped their target price on shares of TELUS from C$44.00 to C$46.00 in a research note on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$47.56.
Shares of TELUS (TSE T) opened at 45.27 on Wednesday. TELUS has a 1-year low of $40.97 and a 1-year high of $46.29. The firm has a market capitalization of $26.75 billion and a PE ratio of 21.07. The firm has a 50-day moving average price of $45.10 and a 200-day moving average price of $44.49.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be paid a $0.4925 dividend. This represents a $1.97 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, September 7th. This is a positive change from TELUS’s previous quarterly dividend of $0.48.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The companys telecommunications products and services comprise wireless and wireline voice and data; data services, including Internet protocol; television; hosting, managed information technology, and cloud-based services; healthcare solutions; and business process outsourcing solutions.
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