TELUS CORP. $37 - Toronto symbol T

TELUS CORP. $37 (www.telus.com) continues to benefit from heavy investments in wireless networks. Thanks to rising demand for smartphones and wireless data, earnings in the third quarter of 2013 rose 18.4%, to $0.58 from $0.49. Telus also increased its dividend by 5.9%. The new annual rate of $1.44 yields 3.9%. However, Ottawa’s plan to cut wireless roaming fees adds to its risk. As well, the new free trade deal with Europe could open up Canada’s wireless industry to more foreign competition. Hold.

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