TELUS Co. to Post FY2017 Earnings of $2.74 Per Share, Desjardins Forecasts (T)
TELUS Co. (TSE:T) (NYSE:TU) – Equities research analysts at Desjardins boosted their FY2017 EPS estimates for shares of TELUS in a research note issued to investors on Monday. Desjardins analyst M. Yaghi now forecasts that the company will earn $2.74 per share for the year, up from their prior estimate of $2.72. Desjardins also issued estimates for TELUS’s Q4 2017 earnings at $0.61 EPS and FY2018 earnings at $3.15 EPS.
Other equities research analysts also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of TELUS from C$44.00 to C$46.00 in a research report on Wednesday, May 17th. TD Securities boosted their price objective on shares of TELUS from C$47.00 to C$49.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Royal Bank Of Canada boosted their price objective on shares of TELUS from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Scotiabank boosted their price objective on shares of TELUS from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TELUS currently has a consensus rating of “Hold” and a consensus price target of C$47.56.
TELUS (TSE T) opened at 45.27 on Wednesday. The company’s 50 day moving average price is $45.10 and its 200-day moving average price is $44.49. TELUS has a 12-month low of $40.97 and a 12-month high of $46.29. The stock has a market cap of $26.75 billion and a price-to-earnings ratio of 21.07.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.4925 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, September 7th. This represents a $1.97 annualized dividend and a yield of 4.35%.
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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