TELUS Announces $800 Million Junior Subordinated Note Offering

Telus ( (TSE:T) ) has issued an update.

TELUS has announced the pricing of an $800 million re-opening of its fixed-to-fixed rate junior subordinated notes, Series CAR and Series CAS, with a 30-year maturity. The proceeds from this offering will be used to reduce outstanding indebtedness and for general corporate purposes, potentially strengthening TELUS’s financial position and operational flexibility. The notes have been assigned 50% equity credit by credit rating agencies, indicating a positive reception in the financial markets.

The most recent analyst rating on (TSE:T) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Telus stock, see the TSE:T Stock Forecast page.

Spark’s Take on TSE:T Stock

According to Spark, TipRanks’ AI Analyst, TSE:T is a Outperform.

Telus benefits from strong financial management and positive technical trends, with strategic corporate events further enhancing its market position. While its valuation might seem high, the attractive dividend yield provides compensation. The stock’s overall outlook is favorable, driven by solid financial fundamentals and proactive corporate strategies.

To see Spark’s full report on TSE:T stock, click here.

More about Telus

TELUS is a Canadian telecommunications company that operates in the telecommunications industry, providing a wide range of communication products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment, and video. The company is focused on delivering innovative solutions and services to its customers across Canada.

Average Trading Volume: 4,057,501

Technical Sentiment Signal: Buy

Current Market Cap: C$33.43B

For a thorough assessment of T stock, go to TipRanks’ Stock Analysis page.