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Alternate Symbol(s): TU

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... see more

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Telus Corp > Desjardins

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Post by retiredcf on Oct 27, 2022 8:03am

Desjardins

Desjardins Securities analyst Jerome Dubreuil expects “a more news-rich” earnings season in Canadian telecommunications sector. However, to reflect higher interest rates, Mr. Dubreuil reduced his target prices for five of the six stocks in the sector. His changes are:

* Telus Corp. ( “buy”) to $33 from $34. Average: $33.30.

“For 3Q22, we have left our adjusted EBITDA estimate virtually unchanged as the increase in competition amid back-to-school was offset by the earlier-than-anticipated close of the LWRK acquisition (now added to our forecast),” he said. “For 3Q22, our year-over-year adjusted EBITDA growth forecast stands at 8.6 per cent (with 1-per-cent growth from the LWRK deal), lower than consensus of 9.0 per cent.

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