Topic: How To Invest

The Successful Investor Hotline – Friday, February 11, 2022

Article Excerpt

TELUS CORP., $31.57, Toronto symbol T, is a buy. The company is Canada’s second-largest wireless carrier with 11.42 million users, just behind BCE’s Bell Mobility (with 11.71 million users) and ahead of Rogers Communications (11.30 million users). It also sells landline phone, Internet, TV and home security services in B.C., Alberta and eastern Quebec. Telus continues to benefit from rising demand for its wireless and TV services as the economy re-opens. In the quarter, the company added 193,000 new wireless subscribers (including subscriptions involving cellphones and other mobile devices, net of cancellations). That’s a gain of 10.3% from 175,000 net additions a year earlier. As well, the mobile phone churn rate, which shows how many customers cancelled their service, improved to 1.04% from 1.09%. Telus’s revenue in the three months ended December 31, 2021, rose 20.0%, to $4.87 billion from $4.06 billion a year earlier. That topped the consensus forecast of $4.41 billion. Earnings per share in the latest quarter before unusual items also improved…