FY2017 EPS Estimates for TELUS Co. (T) Cut by Desjardins
TELUS Co. (TSE:T) (NYSE:TU) – Desjardins dropped their FY2017 earnings per share (EPS) estimates for TELUS in a research report issued to clients and investors on Friday. Desjardins analyst M. Yaghi now expects that the company will post earnings per share of $2.68 for the year, down from their previous forecast of $2.69.
A number of other equities analysts also recently commented on the company. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. TD Securities lifted their price target on TELUS from C$51.00 to C$53.00 in a research note on Monday, November 27th. Royal Bank of Canada upgraded TELUS from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$47.00 to C$51.00 in a research note on Friday, November 10th. Barclays lifted their price target on TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. Finally, Canaccord Genuity lifted their price target on TELUS from C$50.00 to C$51.00 in a research note on Monday, November 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$51.25.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were issued a $0.505 dividend. The ex-dividend date was Friday, December 8th. This represents a $2.02 dividend on an annualized basis and a yield of 4.29%. This is a boost from TELUS’s previous quarterly dividend of $0.49. TELUS’s dividend payout ratio (DPR) is currently 91.31%.
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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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