TELUS Co. (TSE:T – Get Rating) (NYSE:TU) – Research analysts at Desjardins upped their FY2022 EPS estimates for TELUS in a research note issued to investors on Monday, November 7th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings of $1.26 per share for the year, up from their prior forecast of $1.22. The consensus estimate for TELUS’s current full-year earnings is $1.43 per share. Desjardins also issued estimates for TELUS’s Q4 2022 earnings at $0.30 EPS and FY2023 earnings at $1.48 EPS.
T has been the subject of several other research reports. CIBC boosted their price target on TELUS from C$30.00 to C$31.00 and gave the company a “neutral” rating in a research note on Monday. Scotiabank boosted their target price on TELUS from C$31.50 to C$32.00 in a report on Monday. BMO Capital Markets reduced their target price on TELUS from C$37.00 to C$35.00 in a report on Tuesday. TD Securities boosted their target price on TELUS from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Finally, National Bankshares boosted their target price on TELUS from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, TELUS presently has a consensus rating of “Moderate Buy” and an average target price of C$32.90.
TELUS Trading Up 1.4 %
TELUS Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be issued a dividend of $0.351 per share. The ex-dividend date is Thursday, December 8th. This is an increase from TELUS’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.85%. TELUS’s dividend payout ratio (DPR) is presently 99.40%.
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 revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services.
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