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Telus ( (TSE:T) ) has shared an announcement.
TELUS Corporation announced cash tender offers for two series of its outstanding debt securities, with a total purchase amount capped at US$750 million. This move is part of TELUS’s strategic financial management to optimize its debt portfolio, potentially impacting its financial flexibility and market positioning by reducing interest expenses and managing its long-term liabilities.
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 Neutral.
Telus’s overall score reflects its solid financial performance and positive corporate events, which are offset by a mixed valuation and stable but not outstanding technical indicators. The company’s strong dividend yield and effective cost management support its attractiveness, while corporate financial strategies provide additional strength.
To see Spark’s full report on TSE:T stock, click here.
More about Telus
TELUS Corporation is a Canadian telecommunications company that provides a wide range of telecommunications products and services, including wireless and wireline voice and data services. The company focuses on delivering innovative communication solutions to customers across Canada and is a significant player in the telecommunications industry.
Average Trading Volume: 3,994,112
Technical Sentiment Signal: Buy
Current Market Cap: C$33.47B
For an in-depth examination of T stock, go to TipRanks’ Overview page.