TELUS (TSE:T) (NYSE:TU) is scheduled to release its earnings data before the market opens on Friday, August 2nd. Analysts expect TELUS to post earnings of C$0.71 per share for the quarter.
TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Thursday, May 9th. The company reported C$0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.74 by C$0.01. The business had revenue of C$3.51 billion for the quarter, compared to the consensus estimate of C$3.53 billion.
T traded down C$0.08 during trading on Wednesday, reaching C$47.16. 125,503 shares of the company’s stock were exchanged, compared to its average volume of 1,065,317. TELUS has a one year low of C$43.88 and a one year high of C$51.22. The company has a quick ratio of 0.58, a current ratio of 0.77 and a debt-to-equity ratio of 157.70. The stock has a market capitalization of $28.69 billion and a PE ratio of 17.44. The stock has a fifty day moving average price of C$48.46.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th were issued a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a yield of 4.78%. This is a positive change from TELUS’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, June 7th. TELUS’s payout ratio is presently 79.26%.
A number of research analysts have recently issued reports on the stock. Canaccord Genuity boosted their price target on shares of TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. TD Securities dropped their price target on shares of Total Energy Services from C$11.50 to C$10.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. JPMorgan Chase & Co. upgraded shares of M.D.C. from an “underweight” rating to a “neutral” rating in a research report on Monday, July 8th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Rogers Communications in a research report on Tuesday, April 9th.
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 services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.
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