TELUS Co. Expected to Earn FY2017 Earnings of $3.06 Per Share

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[It turns out that providing zero customer service or support is a great business model for telecomm oligopolists. *RON*]

Jared Coughlin, Com-Unik, 6 January 2017

TELUS Co. (TSE:T) (NYSE:TU) – Equities researchers at Desjardins decreased their FY2017 earnings per share estimates for shares of TELUS in a report released on Tuesday. Desjardins analyst M. Yaghi now forecasts that the brokerage will post earnings of $3.06 per share for the year, down from their previous forecast of $3.17.

Several other equities research analysts also recently issued reports on T. Gabelli reiterated a “hold” rating on shares of TELUS in a report on Thursday, September 15th. TD Securities reiterated a “hold” rating and issued a C$45.00 price objective on shares of TELUS in a report on Monday, November 7th. Scotiabank reiterated a “sector perform” rating and issued a C$44.00 price objective on shares of TELUS in a report on Monday, November 7th. Finally, Canaccord Genuity upgraded TELUS from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$45.00 to C$47.00 in a report on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TELUS has an average rating of “Hold” and an average target price of C$45.50.

TELUS (TSE:T) traded down 0.29% during midday trading on Thursday, hitting $44.07. 250,885 shares of the stock traded hands. The stock has a market cap of $26.05 billion and a PE ratio of 18.66. TELUS has a 12 month low of $35.51 and a 12 month high of $44.39. The company has a 50-day moving average of $42.49 and a 200-day moving average of $42.74.

TELUS Company Profile

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, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.


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