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Telus ( (TSE:T) ) just unveiled an announcement.
TELUS has announced the pricing of a US$1.5 billion offering of Fixed-to-Fixed Rate Junior Subordinated Notes in two series, with Series A and Series B due in 2055. The proceeds from this offering are intended to fund previously announced tender offers, and any remaining funds will be used for debt repayment and general corporate purposes. This strategic financial move is expected to bolster TELUS’s financial flexibility and support its ongoing operational and corporate objectives.
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 is a telecommunications company based in Vancouver, B.C., primarily offering a range of communication services and products. The company is focused on providing innovative solutions in the telecommunications industry, catering to a diverse market with a strong emphasis on customer service and technological advancement.
Average Trading Volume: 3,792,903
Technical Sentiment Signal: Buy
Current Market Cap: C$33.92B
For a thorough assessment of T stock, go to TipRanks’ Stock Analysis page.