2024-06-25 12:27:00 ET
Summary
- TELUS Corporation stock was previously rated as a "Hold" due to challenges from higher interest rates, debt, and competition.
- Despite high debt and financing costs, TELUS has shown growth in subscriber connections and adjusted EBITDA.
- The valuation is modestly attractive, and the dividend should be covered by free cash flow from here on out.
Note: All amounts discussed are in Canadian Dollars. All references are to the TSX price. ...
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TELUS: 7.1% Yield And CEO Taking Pay Only In Shares