Bullboard - Stock Discussion Forum Telus Corp T.T

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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TSX:T - Post Discussion

Telus Corp > Ryan Bushell - BNN - Top Pick

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Post by Possibleidiot01 on Feb 02, 2023 2:36pm

Ryan Bushell - BNN - Top Pick

Telus (T TSX)

Telus declined fairly significantly from its peak in early 2022 and I am not sure why. The company is out ahead of the pack on its capex cycle, has hidden value in some of its technology investments and will continue to see strong subscriber loading with ongoing population growth from immigration. The shares yield nearly five per cent and the company is increasing its dividend more aggressively than any other telco. Parking some capital in Telus below $30 with a five-year time horizon in an uncertain environment seems like a prudent way to protect and grow capital.

stockchase.com

TOP PICK

Stable company. Rose last year on hype surrounding investments in agriculture and healthcare, but he likes those investments. Telus is using its tech know-how to expand opportunities in other business-use cases. Core business looks good. Further ahead than BCE on fibre build, capex starting to come down, free cashflow starting to rise. Dividend growth at 7-8% annually is best in sector. At these levels, buy at full weight. Yield is 4.89%.

(Analysts’ price target is $32.53)

telephone utilities

$28.790