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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ENCANA $11.04 (Toronto symbol ECA; Shares outstanding: 842.5 million; Market cap: $8.9 billion; TSINetwork Rating: Average; Dividend yield: 3.3%; www.encana.com) continues to increase production at its four main properties: Montney (B.C.), Duvernay (Alberta) and Eagle Ford and Permian (both in Texas). These fields produce large amounts of oil and natural gas liquids, such as propane and butane, making Encana less reliant on natural gas. In August 2015, these four properties produced an average of 257,000 barrels of oil equivalent a day (including gas), up 15.2% from 223,000 barrels in the second quarter of 2015. Encana expects these fields’ output to rise to 270,000 barrels a day in the fourth quarter of 2015....
< p>TELUS CORP. $42 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 602.4 million; Market cap: $25.3 billion; Price-to-sales ratio: 2.1; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.telus.com) plans to speed up its fibre optic network in Vancouver. < p>Initially, clients will be able to connect at 150 megabits a second, or 50% faster than the network’s current top speed. Eventually, Telus plans to boost that to one gigabit (or 1,000 megabits) per second. < p>The company will spend $1 billion on this project over the next five years. Faster speeds should spur demand for Telus’s other services, like digital TV....
MOLSON COORS CANADA INC., Toronto symbols TPX.A $107.34 and TPX.B $111.00, jumped 20% this week in response to Anheuser-Busch InBev’s offer to buy rival brewer SABMiller plc. In 2008, Molson Coors merged its U.S. brewing operations with those of SABMiller to form MillerCoors. Each company has a 50% voting interest in this joint venture, but SABMiller gets 58% of the profits, while Molson Coors gets 42%. To satisfy competition regulators, a combined Anheuser-Busch InBev and SABMiller would probably have to sell its stake in the MillerCoors joint venture....
MANITOBA TELECOM $28.80 (Toronto symbol MBT; Shares outstanding: 78.9 million; Market cap: $2.3 billion; TSINetwork Rating: Average; Dividend yield: 4.5%; www.mts.ca) gets 60% of its revenue from its MTS division, which has 1.3 million TV, telephone and wireless users in Manitoba. The other 40% comes from Allstream, which sells phone and Internet services to businesses across Canada.
In May 2015, the company completed a strategic review of its operations. As a result, it now plans to cut 25% of Allstream’s workforce and reduce the subsidiary’s capital spending by 20% to 30% in 2015. These moves should save Manitoba Telecom $50 million annually by the end of 2016.
In addition, the company will contribute $120 million to its underfunded employees’ pension plan, eliminating the need for additional payments over the next two years. It has also cut its dividend by 23.5%: the new annual rate of $1.30 a share yields 4.5%.
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In May 2015, the company completed a strategic review of its operations. As a result, it now plans to cut 25% of Allstream’s workforce and reduce the subsidiary’s capital spending by 20% to 30% in 2015. These moves should save Manitoba Telecom $50 million annually by the end of 2016.
In addition, the company will contribute $120 million to its underfunded employees’ pension plan, eliminating the need for additional payments over the next two years. It has also cut its dividend by 23.5%: the new annual rate of $1.30 a share yields 4.5%.
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Shaw Communications, $26.76, symbol SJR.B on Toronto (Shares outstanding: 469.1 million; Market cap: $12.7 billion; www.shaw.ca), is one of Canada’s largest cable TV operators. The company has 1.9 million basic cable subscribers (mostly in Western Canada) and 851,569 satellite customers through its ownership of Shaw Direct. It also provides high-speed Internet to 1.9 million clients and telephone services to another 1.3 million. In September 2014, Shaw completed its $1.2-billion purchase of Colorado-based ViaWest, a privately held operator of data centres, cloud storage and information technology services. ViaWest has 27 data centres in the western United States....
BCE INC. $54.16 (Toronto symbol BCE; Shares outstanding: 847.9 million; Market cap: $45.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.bce.ca) is Canada’s largest provider of telephone, Internet and wireless services. It also offers satellite and Internet TV across the country. In the three months ended June 30, 2015, BCE’s earnings per share rose 6.1%, to $0.87 from $0.82 a year earlier. Revenue increased 2.0%, to $5.33 billion from $5.22 billion. BCE gained 22,110 wireless subscribers, net of losses, in the latest quarter. It signed up 61,033 new users under long-term contracts, up 72.5% from a year earlier. That’s important, as these customers tend to use smartphones, which generate higher monthly fees than regular cellphones....
Our outlook on blue chip stock Manitoba Telecom as its shares begin to recover in the wake of a strategic review and network upgrades.
Pumping $27 billion into network upgrades helps keep Telus competitive in the telecom race we see it as a clear buy among blue chip stocks.
TELUS CORP. $45 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 605.5 million; Market cap: $27.2 billion; Price-to-sales ratio: 2.2; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.telus.com) is Canada’s second-largest wireless carrier, after Rogers Communications, with 8.2 million subscribers. Wireless now supplies 55% of Telus’s revenue and 66% of its earnings. The remaining 45% of revenue and 34% of earnings come from its wireline division, which serves 3.1 million traditional phone customers in B.C., Alberta and eastern Quebec. This business also has 1.5 million Internet users and 937,000 TV clients. Telus’s revenue rose 22.6%, from $9.8 billion in 2010 to $12.0 billion in 2014. Earnings gained 45.0%, from $983 million in 2010 to $1.4 billion in 2014. Per-share profits rose 51.0%, from $1.53 to $2.31, on fewer shares outstanding. Cash flow per share improved 24.4%, from $4.30 to $5.35....
MANITOBA TELECOM SERVICES INC. $29 (Toronto symbol MBT; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 78.5 million; Market cap: $2.3 billion; Price-to-sales ratio: 1.4; Dividend yield: 4.5%; TSINetwork Rating: Average; www.mtsallstream.com) gets 60% of its revenue from its MTS division, which has 1.3 million telephone, wireless and TV customers in Manitoba. The other 40% comes from Allstream, which sells phone and Internet services to businesses across Canada. The company recently completed a strategic review of its operations. As a result, it now plans to cut 25% of Allstream’s workforce and reduce the subsidiary’s capital spending by 20% to 30% in 2015. These moves should save Manitoba Telecom $50 million annually by the end of 2016. In addition, the company will contribute $120 million to its underfunded employees’ pension plan, eliminating the need for additional payments over the next two years. It has also cut its dividend by 23.5%: the new annual rate of $1.30 a share yields 4.5%....