TELUS $42.29 (Toronto symbol T; Shares outstanding: 619.0 million; Market cap: $26.0 billion; TSINetwork Rating: Above Average; Dividend yield: 3.6%; www.telus.com) gets 55% of its revenue from its 7.8 million wireless subscribers across Canada. It also has 3.3 million phone customers, 1.4 million high-speed Internet users and 815,000 TV subscribers.
In the three months ended March 31, 2014, Telus’s earnings per share rose 8.9%, to $0.61 from $0.56 a year earlier. Revenue increased 5.0%, to $2.90 billion from $2.76 billion.
Wireless revenue rose 5.6%, thanks to new wireless subscribers and rising use of smartphones, which generate higher fees than regular cellphones. Revenue gained 4.4% in the the wireline (land line) division, where an increase in Telus TV and high-speed Internet subscribers more than offset customers cancelling land lines and switching to wireless devices.
Strong demand for wireless and high-speed Internet should increase Telus’s earnings to $2.32 a share in 2014. The stock trades at 18.2 times that estimate. However, its 2015 earnings could reach $2.71 a share, and the stock trades at a more reasonable 15.6 times that forecast. The shares yield 3.6%.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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