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The latest update is out from Telus ( (TSE:T) ).
TELUS Corporation announced an increase in its cash tender offers for seven series of debt securities, raising the Maximum Purchase Amount to accommodate all tendered notes for specific series. The company successfully tendered C$1,873,961,000 in aggregate principal amount of notes, indicating strong participation. This move is likely to impact TELUS’s financial strategy by managing its debt profile, potentially improving its market positioning and financial flexibility.
The most recent analyst rating on (TSE:T) stock is a Hold with a C$19.00 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 telecommunications company based in Vancouver, B.C. It primarily offers a range of telecommunications products and services, including wireless and wireline voice and data services. The company focuses on providing advanced technology solutions to consumers and businesses across Canada.
Average Trading Volume: 6,385,585
Technical Sentiment Signal: Sell
Current Market Cap: C$28.59B
See more data about T stock on TipRanks’ Stock Analysis page.