TELUS (TSE:T – Get Free Report) (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 Stock Down 2.9%
T traded down C$0.38 during trading on Friday, reaching C$12.81. The stock had a trading volume of 11,011,488 shares, compared to its average volume of 8,096,626. The stock’s 50 day moving average is C$12.25 and its two-hundred day moving average is C$15.60. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. The company has a market capitalization of C$20.18 billion, a price-to-earnings ratio of -21.71, a P/E/G ratio of 1.65 and a beta of 0.70. TELUS has a one year low of C$10.89 and a one year high of C$20.97.
Key Stories 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
Analyst Upgrades and Downgrades
Several brokerages have commented on T. Morgan Stanley lowered shares of TELUS from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st. Canaccord Genuity Group cut their target price on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. Scotiabank reduced their price target on shares of TELUS from C$17.00 to C$15.25 and set a “sector perform” rating on the stock in a research report on Tuesday, October 20th. Desjardins decreased their price target on shares of TELUS from C$13.50 to C$13.00 and set a “hold” rating for the company in a research note on Wednesday, October 7th. Finally, Royal Bank Of Canada downgraded shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$16.30.
View Our Latest Research Report on TELUS
TELUS Company Profile
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.
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