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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Innergex Renewable Energy, $11.03, symbol INE on Toronto (Shares outstanding: 100.9 million; Market cap: $1.1 billion; www.innergex.com), is a recommendation of our Canadian Wealth Advisor newsletter. We place Innergex in the Utilities sector, a broad area that includes telecoms, pipelines, power generators and so on. The company generates electricity, but it focuses on renewable energy, including hydroelectric plants, wind farms and solar power. That puts it in something of a niche category among utilities that includes stocks like Algonquin Power & Utilities, $9.73, symbol AQN on Toronto, and Northland Power, $16.99, symbol NPI on Toronto....
TRANSCANADA CORP. $56.04 (Toronto symbol TRP; Shares outstanding: 708.9 million; Market cap: $40.4 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.transcanada.com) has announced a new deal with Magellan Midstream Partners (New York symbol MMP). The two firms have formed a 50/50 partnership to build a pipeline connecting their oil-storage facilities in Houston, Texas. This will give TransCanada’s oil-shipping clients access to more refineries in the Houston area. The company’s share of the $50-million cost is $25 million. To put that in context, TransCanada earned $511 million, or $0.72 a share, in the three months ended December 31, 2014. The partners expect to complete this project in mid-2016....
Despite a takeover expanding its cloud coverage, Shaw Communications has a tough fight with Telus for Western cable and Internet dollars.
Shaw Communications, $27.49, symbol SJR.B on Toronto (Shares outstanding: 464.7 million; Market cap: $13.0 billion; www.shaw.ca), is one of Canada’s largest cable TV operators. It has 1.9 million basic cable subscribers (mostly in Western Canada), as well as 854,389 satellite customers through its ownership of Shaw Direct. The company also provides high-speed Internet to 1.9 million clients and telephone services to 1.4 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 U.S. In the three months ended February 28, 2015, Shaw’s revenue rose 4.9%, to $1.34 billion from $1.27 billion a year earlier. Earnings per share fell 26.1%, to $0.34 from $0.46, mostly due to one-time costs related to a restructuring of its customer service call centres that included cutting 1,600 employees. Cash flow per share fell 1.3%, to $0.77 from $0.78....
TELUS $42.07 (Toronto symbol T; Shares outstanding: 609.0 million; Market cap: $25.7 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.telus.com) continues to expand its health care division, which helps doctors, pharmacies and hospitals convert patient records and other information to electronic formats.
The company recently paid an undisclosed sum for Quebec-based Medesync, a privately held maker of cloud-based software that lets doctors access patient data and other information from any computer or mobile device. Medesync’s software also makes it easier for doctors to schedule checkups, view test results and process billing.
As well, Medesync is linked to over 3,000 Quebec pharmacies, so doctors can submit a patient’s prescription directly.
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The company recently paid an undisclosed sum for Quebec-based Medesync, a privately held maker of cloud-based software that lets doctors access patient data and other information from any computer or mobile device. Medesync’s software also makes it easier for doctors to schedule checkups, view test results and process billing.
As well, Medesync is linked to over 3,000 Quebec pharmacies, so doctors can submit a patient’s prescription directly.
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TRANSCANADA CORP., $56.42, Toronto symbol TRP, has announced a new deal with Magellan Midstream Partners (New York symbol MMP). The two firms have formed a 50/50 partnership to build a pipeline connecting their oil-storage facilities in Houston, Texas. This will give TransCanada’s oil-shipping clients access to more refineries in the Houston area. The company’s share of the $50-million cost is $25 million. To put that in context, TransCanada earned $511 million, or $0.72 a share, in the three months ended December 31, 2014. The partners expect to complete this project in mid-2016....
TELUS $42.07 (Toronto symbol T; Shares outstanding: 609.0 million; Market cap: $25.7 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.telus.com) continues to expand its health care division, which helps doctors, pharmacies and hospitals convert patient records and other information to electronic formats. The company recently paid an undisclosed sum for Quebec-based Medesync, a privately held maker of cloud-based software that lets doctors access patient data and other information from any computer or mobile device. Medesync’s software also makes it easier for doctors to schedule checkups, view test results and process billing. As well, Medesync is linked to over 3,000 Quebec pharmacies, so doctors can submit a patient’s prescription directly....
TELUS CORP. $42 (www.telus.com) is paying $1.5 billion for new radio frequencies (or spectrum) covering urban and rural areas in Western Canada, Ontario and Quebec. The price is slightly more than the $1.49 billion, or $2.41 a share, that Telus earned in 2014....
POTASH CORP. OF SASKATCHEWAN, $40.70, Toronto symbol POT, fell 2% this week after the Saskatchewan government said it would change the timing of certain tax breaks for new potash mines and expansion projects. The province is also reviewing how it taxes potash producers. Potash Corp. expects the new rules to cut its pre-tax earnings by $75 million to $100 million (Canadian) in 2015. To put that in context, Potash Corp. (which reports its results in U.S. dollars) earned $1.5 billion, or $1.82 a share, in 2014. The company expects to complete its current $6-billion U.S. expansion plan in 2016, so the new rules will have little impact on next year’s earnings....
TELUS CORP. $42 (www.telus.com) is paying $1.5 billion for new radio frequencies (or spectrum) covering urban and rural areas in Western Canada, Ontario and Quebec. The price is slightly more than the $1.49 billion, or $2.41 a share, that Telus earned in 2014. However, the company can use the extra spectrum to speed up its wireless networks. That will help it meet growing demand for wireless downloads, as 81% of its subscribers under long-term contracts now use smartphones. Buy. ENBRIDGE INC. $58 (www.enbridge.com) plans to increase the capacity of a proposed pipeline project that will pump crude from oil sands projects in Alberta. It will mainly do this by increasing the diameter of part of the pipeline and boosting another section’s pumping power. These moves will also cut the project’s overall cost by $400 million, from $3.0 billion to $2.6 billion. To put these figures in context, the company earned $1.6 billion, or $1.90 a share, in 2014. Buy. TRANSCANADA CORP. $54 (www.transcanada.com) has increased its quarterly dividend by 8.3%, to $0.52 a share from $0.48. The new annual rate of $2.08 yields 3.9%. TransCanada has raised its payout each year since 2000. Best Buy....