TELUS (TSE:T) Announces Earnings Results

TELUS (TSE:T) (NYSE:TU) announced its earnings results on Friday. The company reported C$0.16 EPS for the quarter, FiscalAI reports. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. The company had revenue of C$5.02 billion during the quarter.

TELUS Trading Down 2.9%

Shares of TELUS stock traded down C$0.38 during trading on Friday, hitting C$12.81. The stock had a trading volume of 11,011,488 shares, compared to its average volume of 8,096,626. TELUS has a 12 month low of C$10.89 and a 12 month high of C$20.97. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. The firm’s fifty day simple moving average is C$12.24 and its 200-day simple moving average is C$15.58. The stock has a market cap of C$20.18 billion, a PE ratio of -21.71, a PEG ratio of 1.65 and a beta of 0.70.

Wall Street Analyst Weigh In

A number of analysts have weighed in on T shares. Scotiabank reduced their price objective on shares of TELUS from C$17.00 to C$15.25 and set a “sector perform” rating for the company in a research note on Tuesday, October 20th. Morgan Stanley lowered shares of TELUS from an “equal weight” rating to an “underweight” rating and cut their target price for the company from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. National Bank Financial reduced their target price on shares of TELUS from C$15.00 to C$13.00 in a report on Wednesday, September 30th. Desjardins lowered their price objective on TELUS from C$13.50 to C$13.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Finally, ATB Cormark Capital Markets cut their target price on shares of TELUS from C$13.50 to C$12.00 and set a “hold” rating for the company in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$16.30.

Key Headlines Impacting TELUS

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: TELUS said it is targeting C$900 million in annual cost savings and is shedding health and agriculture assets. If achieved, the program could improve efficiency and focus the business, though execution will matter. TELUS targets C$900 million in annual cost savings
• Positive Sentiment: TELUS added 84,000 phone customers, outpacing Bell and Rogers, while its core telecom business showed signs of stabilization—encouraging indicators for subscriber growth. TELUS outpaces Bell and Rogers with 84,000 new phone customers
• Positive Sentiment: The company sees potential to expand data-centre connectivity, which could offer a future growth opportunity. TELUS sees data-centre links as a growth opportunity
• Neutral Sentiment: TELUS appointed Marc Allera and Bill Thomas to its board; the announcement did not specify an immediate financial impact. TELUS appoints Marc Allera and Bill Thomas to board
• Negative Sentiment: The reported C$660 million quarterly loss, tied to a non-cash TELUS Health impairment, and the earnings miss are likely the most immediate concerns for investors. TELUS reports C$660-million third-quarter loss
• Negative Sentiment: A service interruption affected a small number of calls in Eastern Canada before service was restored. The limited, resolved disruption may temper concern, but outages can weigh on customer confidence. TELUS says small number of calls interrupted in Eastern Canada

About TELUS

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.