Brokers Offer Predictions for TELUS Co.’s FY2018 Earnings (T)
TELUS Co. (TSE:T) (NYSE:TU) – Equities research analysts at Cormark decreased their FY2018 earnings per share estimates for shares of TELUS in a research report issued to clients and investors on Friday. Cormark analyst D. Mcfadgen now forecasts that the company will earn $2.68 per share for the year, down from their prior estimate of $2.83. Cormark also issued estimates for TELUS’s FY2019 earnings at $2.93 EPS.
Other equities research analysts have also issued research reports about the stock. TD Securities upped their target price on shares of TELUS from C$51.00 to C$53.00 in a report on Monday, November 27th. Barclays upped their target price on shares of TELUS from C$52.00 to C$53.00 in a report on Monday, November 13th. BMO Capital Markets upped their target price on shares of TELUS from C$47.00 to C$49.00 in a report on Monday, November 13th. Canaccord Genuity upped their target price on shares of TELUS from C$50.00 to C$51.00 in a report on Monday, November 13th. Finally, CIBC upped their target price on shares of TELUS from C$48.00 to C$50.00 in a report on Monday, November 13th. Five research analysts have rated the stock with a buy rating, TELUS currently has a consensus rating of “Buy” and an average price target of C$50.92.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, March 8th. TELUS’s payout ratio is 80.08%.
TELUS Company Profile
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.
Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.