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TELUS Proposes Full Acquisition of TELUS Digital to Boost AI and SaaS

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TELUS Proposes Full Acquisition of TELUS Digital to Boost AI and SaaS

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

TELUS Corporation has submitted a non-binding indication of interest to acquire full ownership of TELUS Digital. The acquisition aims to enhance TELUS Digital’s operational efficiency and market responsiveness, with a proposed premium on share prices. The move is expected to strengthen TELUS’s capabilities in AI and SaaS across its business sectors, benefiting customers and investors. The proposal is subject to due diligence and approvals, with no guarantee of completion.

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 receives a solid score driven by strong technical momentum and financial performance, bolstered by strategic corporate actions enhancing financial flexibility. However, valuation concerns due to a high P/E ratio slightly offset the positives.

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

More about Telus

TELUS Corporation operates in the telecommunications industry, providing a range of services including telecommunications, health, agriculture, and consumer goods. The company is focused on enhancing its operations through digital transformation, particularly in AI and SaaS technologies.

Average Trading Volume: 4,089,601

Technical Sentiment Signal: Buy

Current Market Cap: C$33.53B

For an in-depth examination of T stock, go to TipRanks’ Stock Analysis page.

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