Telus Corp T.T

G&M

[Dibah420]

from Valenti, National Bank

* Telus Corp. (

T-T +0.46%increase

 

, “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.”

Telus Corp

21.90-1.68 (-7.12%)

Rogers Communications Inc Cl B NV

50.38-11.65 (-18.78%)

BCE Inc

38.02-14.15 (-27.12%)

Year to date

Dec. 29, 2023

Dec. 2, 2024

 

[bartno12001]

I am holding 1000 shares. Telus is a no brainer. Amazing dividend and it will look so attractive next year when interest rates are down to 2%-3%. 

[bartno12001]

I am hoping it comes down to low to mid 21s so I can buy another 1000 shares. Sitting on cash and trying to find good quality names

[longdon]

Wishful thinking.  Very positve report for TD today.

[caretired1]

maybe when its ex divvy

[wasitreallyok]

I was able to pick up another 1000 Telus shares before the last dividend eligibility date. Got the dividend plus the increase in share price. You may be better off buying at todays level because as it gets closer to the eligibility to get the next dividend as the price may increase as investors have their eye in the dividend.