CA - TELUS: A Key Reason For The Poor Performance
2024-02-11 18:00:00 ET
Summary
- On our last update, we had suggested that TELUS remains expensive and that investors should only look to buy lower.
- Q4 2023 numbers were on the mark and TELUS finally looks set to cover the dividend for the first time in years.
- But relative to AT&T and even Verizon for that matter, TELUS has a lot of wood to chop.
On our last update on TELUS Corporation (TU) (T:CA), we made a case to continue staying out of the wireless giant. At the center of our thesis was a bloated valuation and it was further supported by relatively weak earnings. We went with a "hold" but had short-sell price in mind as well....
TELUS: A Key Reason For The Poor Performance