Telus profits in health

Article Excerpt

TELUS, $25.85, is a buy. The company (Toronto symbol T; Shares outstanding: 1.3 billion; Market cap: $34.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.telus.com) owns Telus Health, which helps clinics, pharmacies and hospitals manage electronic patient records. The COVID-19 pandemic continues to spur demand for Telus Health’s Babylon service; it lets doctors and other healthcare professionals perform routine exams over an Internet-connected smartphone. Doctors can also send prescription information to a local drugstore for pick-up. While this division is just a small part of Telus’s overall operations, the company could eventually spin Telus Health off as a separate firm—just as it did Telus International. Telus Corporation is a buy. buy…