TELUS Co. (TSE:T) (NYSE:TU) – Cormark reduced their FY2017 earnings estimates for TELUS in a research report issued to clients and investors on Monday. Cormark analyst D. Mcfadgen now expects that the company will earn $2.62 per share for the year, down from their previous forecast of $2.63.

Several other analysts also recently issued reports on T. Scotiabank lifted their price target on shares of TELUS from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 26th. TD Securities lifted their price target 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 lifted their price target on shares of TELUS from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Monday, May 15th. Finally, Morgan Stanley lifted their price target on shares of TELUS from C$44.00 to C$46.00 in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TELUS presently has a consensus rating of “Hold” and a consensus price target of C$47.56.

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TELUS (TSE:T) opened at 45.27 on Wednesday. TELUS has a 12-month low of $40.97 and a 12-month high of $46.29. The stock has a 50 day moving average of $45.10 and a 200 day moving average of $44.49. The firm has a market cap of $26.75 billion and a PE ratio of 21.07.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be given a $0.4925 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.97 annualized dividend and a yield of 4.35%. This is an increase from TELUS’s previous quarterly dividend of $0.48.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company’s 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.

Earnings History and Estimates for TELUS (TSE:T)

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