Desjardins Weighs in on TELUS Co.’s FY2017 Earnings (T)

TELUS Co. (TSE:T) (NYSE:TU) – Analysts at Desjardins lowered their FY2017 earnings per share (EPS) estimates for shares of TELUS in a note issued to investors on Friday. Desjardins analyst M. Yaghi now expects that the company will post earnings of $2.68 per share for the year, down from their prior estimate of $2.69.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.67 by C($0.01). TELUS had a return on equity of 17.49% and a net margin of 11.03%.

Other research analysts also recently issued reports about the company. TD Securities increased their target price on TELUS from C$51.00 to C$53.00 in a research report on Monday, November 27th. Barclays increased their target price on TELUS from C$52.00 to C$53.00 in a research report on Monday, November 13th. BMO Capital Markets increased their target price on TELUS from C$47.00 to C$49.00 in a research report on Monday, November 13th. Canaccord Genuity increased their price target on TELUS from C$50.00 to C$51.00 in a report on Monday, November 13th. Finally, CIBC increased their price target on TELUS from C$48.00 to C$50.00 in a report 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 presently has an average rating of “Buy” and a consensus target price of C$51.25.

TELUS (TSE:T) opened at C$47.10 on Monday. The company has a market capitalization of $27,820.00, a P/E ratio of 22.11 and a beta of 0.56. TELUS has a 52-week low of C$42.22 and a 52-week high of C$48.94.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were paid a $0.505 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, December 8th. This represents a $2.02 dividend on an annualized basis and a yield of 4.29%. TELUS’s dividend payout ratio (DPR) is presently 91.31%.

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About TELUS

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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