telus
Toronto symbol T.A, provides local and long distance telephone service in B.C., Alberta and parts of Quebec, and wireless service across Canada.
Telus Corporation (also shortened and referred to as Telus Corp, and stylized as TELUS) is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus has a long history and is listed with the Toronto Stock Exchange (TSX:T).
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TELUS $42.20 (Toronto symbol T; Shares outstanding: 605.0 million; Market cap: $25.5 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.telus.com) earned $398 million in the three months ended September 30, 2015, up 2.8% from $387 million a year earlier. Earnings per share rose 3.1%, to $0.66 from $0.64, on fewer shares outstanding. Revenue gained 4.2%, to $3.2 billion from $3.0 billion.
Telus continues to sign up high-speed Internet and TV customers, which is helping offset lower demand for traditional phone services.
The company now aims to improve its earnings by cutting 3% of its workforce. That should lower its annual costs by $100 million to $125 million.
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Telus continues to sign up high-speed Internet and TV customers, which is helping offset lower demand for traditional phone services.
The company now aims to improve its earnings by cutting 3% of its workforce. That should lower its annual costs by $100 million to $125 million.
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PLEASE NOTE: This is our last Hotline for 2015. Our next Hotline will go out on Friday, January 8, 2016. ENCANA CORP., $7.02, Toronto symbol ECA, fell 15% this week after cutting its dividend and 2016 capital spending plans. In response to the weak outlook for oil and natural gas, Encana has cut its quarterly payout by 78.6%, to $0.015 a share from $0.07 (all amounts except share price in U.S. dollars). The new annual rate of $0.06 yields 1.2%. Encana will also eliminate the 2% discount it offers to shareholders who reinvest their dividends in additional shares. In all, these moves will save it $185 million a year....
SHAWCOR LTD. $27 (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares out- standing: 64.5 million; Market cap: $1.7 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.2%; TSINetwork Rating: Average; www.shawcor.com) has acquired certain businesses from Flint Field Services. These operations inspect and make plastic liners for pipelines. The company paid $35.5 million for the Flint businesses, which is equal to 93% of the $38.1 million, or $0.59 a share, it earned in the third quarter of 2015. The purchase will add $46 million to its annual revenue of $1.9 billion. ShawCor is a buy....
TELUS CORP. $40 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 600.1 million; Market cap: $24.0 billion; Price-to-sales ratio: 2.0; Dividend yield: 4.4%; TSINetwork Rating: Above Average; www.telus.com) plans to launch several new cloud computing services that will use Microsoft’s cloud software and Internet equipment from Cisco Systems. The company aims to work closely with its clients to develop cloud-based systems that are secure, fast and easily expandable. More businesses are shifting to a cloud platform, as it lets them avoid the high cost of buying new computers and continuously updating software. Over the next five years, companies will probably spend up to eight times more on cloud services than non-cloud technologies....
MANITOBA TELECOM SERVICES INC. $29.57 (Toronto symbol MBT; Shares outstanding: 79.3 million; Market cap: $2.3 billion; TSINetwork Rating: Average; Dividend yield: 4.4%; www.mts.ca) has agreed to sell its Allstream division, which offers telephone, Internet and other communication services to businesses across Canada. Allstream supplies 40% of Manitoba Telecom’s revenue. The remaining 60% comes from its MTS division, which has 1.3 million telephone and wireless customers in Manitoba. The buyer is U.S.-based Zayo Group (New York symbol ZAYO), which will pay $465.0 million. Manitoba Telecom will probably use some of the proceeds to pay down its long-term debt of $677.1 million, which is equal to 29% of its $2.3-billion market cap (or the value of all outstanding shares)....
TELUS $42.20 (Toronto symbol T; Shares outstanding: 605.0 million; Market cap: $25.5 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.telus.com) earned $398 million in the three months ended September 30, 2015, up 2.8% from $387 million a year earlier. Earnings per share rose 3.1%, to $0.66 from $0.64, on fewer shares outstanding. Revenue gained 4.2%, to $3.2 billion from $3.0 billion. Telus continues to sign up high-speed Internet and TV customers, which is helping offset lower demand for traditional phone services. The company now aims to improve its earnings by cutting 3% of its workforce. That should lower its annual costs by $100 million to $125 million....
MANITOBA TELECOM SERVICES INC. $29.57 (Toronto symbol MBT; Shares outstanding: 79.3 million; Market cap: $2.3 billion; TSINetwork Rating: Average; Dividend yield: 4.4%; www.mts.ca) has agreed to sell its Allstream division, which offers telephone, Internet and other communication services to businesses across Canada.
Allstream supplies 40% of Manitoba Telecom’s revenue. The remaining 60% comes from its MTS division, which has 1.3 million telephone and wireless customers in Manitoba. The buyer is U.S.-based Zayo Group (New York symbol ZAYO), which will pay $465.0 million.
Manitoba Telecom will probably use some of the proceeds to pay down its long-term debt of $677.1 million, which is equal to 29% of its $2.3-billion market cap (or the value of all outstanding shares).
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Allstream supplies 40% of Manitoba Telecom’s revenue. The remaining 60% comes from its MTS division, which has 1.3 million telephone and wireless customers in Manitoba. The buyer is U.S.-based Zayo Group (New York symbol ZAYO), which will pay $465.0 million.
Manitoba Telecom will probably use some of the proceeds to pay down its long-term debt of $677.1 million, which is equal to 29% of its $2.3-billion market cap (or the value of all outstanding shares).
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TRANSCANADA CORP., $43.32, Toronto symbol TRP, fell 4% on Friday after the U.S. rejected its proposed Keystone XL pipeline, which would have pumped crude from Alberta’s oil sands to refineries on the U.S. Gulf Coast. So far, TransCanada has spent $2.4 billion U.S. on this $8.0-billion U.S. project. However, it can use some of the line’s equipment on other projects, which would minimize a writedown. Meanwhile, the company’s earnings fell 2.2% in the three months ended September 30, 2015, to $440 million (Canadian), or $0.62 a share, though that was still ahead of the consensus estimate of $0.60. A year earlier, it earned $450 million, or $0.63....
TD BANK $54.16 (Toronto symbol TD; Shares outstanding: 1.9 billion; Market cap: $100.3 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.td.com) is seeing slowing loan demand, especially in Western Canada, where the oil-price drop has forced producers to postpone projects and lay off workers. At the same time, low interest rates are cutting the interest income TD earns on its loans, and more of its customers are banking online instead of in bank branches. All of these factors have prompted the bank to look for ways to cut costs and boost efficiency at its Canadian and U.S. operations. That will probably lead to several hundred job cuts....
FORTIS INC. $38 (Toronto symbol FTS; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 279.9 million; Market cap: $10.6 billion; Price-to-sales ratio: 1.7; Dividend yield 3.9%; TSINetwork Rating: Above Average; www.fortisinc.com) owns electrical utilities across Canada and in the U.S. and Caribbean. It also distributes natural gas in British Columbia. The company recently raised its quarterly dividend by 10.3%, to $0.375 a share from $0.34. The new annual rate of $1.50 yields 3.9%. Fortis has raised its payout every year for the past 43 years. The company also plans to increase the payout by around 6% each year through 2020. Fortis is a buy....