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An announcement from Telus ( (TSE:T) ) is now available.
TELUS has appointed TD Securities and Jefferies as financial advisors to guide the monetisation and partnership strategy for its TELUS Health business, which it describes as a rapidly growing, globally scaled digital health asset with a growing AI-focused product set. The company aims to bring in a strategic partner to enhance TELUS Health’s capabilities, customer reach and financial resources, and views the initiative as a key lever in its broader deleveraging plan, targeting a gradual reduction in net debt to adjusted EBITDA over the next several years and supporting long-term value creation through disciplined capital allocation and a strong free cash flow outlook.
The most recent analyst rating on (TSE:T) stock is a Buy with a C$21.00 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’ overall stock score is driven by stable financial performance and a strong earnings call, highlighting growth in customer base and AI initiatives. However, technical indicators suggest bearish momentum, and high leverage poses financial risks. The attractive dividend yield and strategic corporate events provide positive support.
To see Spark’s full report on TSE:T stock, click here.
More about Telus
TELUS Corporation is a Canadian-based telecommunications and technology company that has expanded into digital health services through its TELUS Health division. TELUS Health operates at global scale, providing digital health solutions that now serve more than 160 million lives in over 200 countries and territories, and has become a significant contributor to the group with substantial operating revenue, EBITDA and cash flow.
Average Trading Volume: 7,652,874
Technical Sentiment Signal: Sell
Current Market Cap: C$28.29B
Learn more about T stock on TipRanks’ Stock Analysis page.