Telus forms key IBM link

Article Excerpt

TELUS, $30.26, is a buy. The stock (Toronto symbol T; Shares outstanding: 1.4 billion; Market cap: $40.9 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.telus.com) gives you a stake in a wireless business with 11.2 million subscribers. It also has 1.1 million landline phone customers in B.C., Alberta and eastern Quebec as well as 2.2 million Internet users and 1.2 million TV customers. The company has formed a new alliance with International Business Machines Corp. (New York symbol IBM) to improve the performance of its ultrafast 5G wireless networks. Telus will incorporate IBM’s artificial intelligence and data analytics software to give its business customers better control over their 5G data networks. That should improve network efficiency and protect data from online intruders. The company has now made its 5G network available to 70% of Canada’s population. The stock trades at a reasonable 24.2 times the $1.25 a share that Telus will probably earn in 2022. The stock yields a high 4.3%. Telus Corporation is a buy. buy…