Telus adds to your returns

Article Excerpt

TELUS $46.80, is a buy. The company (Toronto symbol T; Shares outstanding: 601.0 million; Market cap: $28.2 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.telus.com) continues to expand its range of services to diversify as well as cross-sell to its existing customers. Telus sees the diversification of its offerings as a way of protecting and building investor value. The company has now launched Telus MDR—a new cybersecurity service to support mid-size Canadian companies. Competitively priced, it aims to detect and respond to cybersecurity threats across a company’s networks, endpoints and cloud services. Telus MDR was developed in partnership with Field Effect Software. It’s a leader in cybersecurity analytics, the development of network applications and security platforms. Meanwhile, Telus has completed the $700 million purchase of the Canadian business of U.S.-based security firm ADT Inc. That operation provides security monitoring services to about 500,000 homeowners. homeowners…