Telus Corp T.T

Alternate Symbol(s): TU

Communication Services Telecom Services

TELUS Corporation is a Canada-based communications technology company. The Company provides a range of technology solutions, including mobile and fixed voice and data telecommunications services and products, healthcare software and technology solutions, and digitally led customer experiences. Data services include Internet protocol; television; hosting, managed information technology and cloud-based services; and home and business security. Its TELUS technology solutions segment includes network revenues and equipment sales arising from mobile technologies, data revenues, healthcare software and technology solutions, agriculture and consumer goods services, voice, and other telecommunications services revenues. Its TELUS International segment comprises digital customer experience and digital-enablement transformation solutions, including artificial intelligence (AI) and content management solutions. It is also a cybersecurity provider specializing in advanced penetration testing.

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Post by Dibah420on Dec 03, 2024 8:33am

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Post# 36342397

G&M

from Valenti, National Bank

* Telus Corp. (

T-T

+0.46%

, “buy”) to $25 from $26. The average is $24.38.

Analyst: “Dividend growth of 7 per cent supports the premium valuation, in our view, especially with more BoC cuts expected soon. We also think TELUS has more room to manage capex/opex as an offset to challenging top line growth, so that lower wireless ARPU estimates had minimal impact on our FCF estimates or our target price. The balance sheet looks slightly stretched, but we believe non-core asset sales will keep leverage at 3.5 times or less by 2026 (copper, real estate, and a minority interest in the Healthcare business – note that our published estimate is a bit higher, at 3.7 times, because we are not including Healthcare proceeds until we have certainty). T shares look like the safest place to hide amongst the big three telcos in the near-term, with upside beyond our target price being possible if we see either improved industry pricing discipline, or fund flows away from money market funds and/or BCE.”