TELUS Corporation
TU
committed an investment of C$10 million in the Chaudière-Appalaches region to upgrade its network infrastructure. The company will launch its PureNetwok Fibre in 10 communities across Bellechasse, Beauce-Sartigan, Lotbinière, Montmagny and Nouvelle-Beauce RCMs (Regional County Municipality).
The initiative aims to close the digital gap by encouraging innovation in local businesses, promoting tourism, attracting young employees, and speeding up the development of virtual health and education services.
TELUS Corporation Price and Consensus
TELUS Corporation price-consensus-chart
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TELUS Corporation Quote
Broadband connectivity is a requirement for jobs, entertainment, education and enhanced healthcare. Per TELUS, this allows countries to expand, accelerate their environmental change, and advertise their attractions more dynamically.
The current investment will be combined with $13 million investment made in 2021 and 2022 by the Canada and Quebec governments as part of the Operation High-Speed program.
TELUS has
invested
C$11 billion in Quebec and C$17.5 billion in British Columbia to generate jobs, and boost network infrastructure, operations and spectrum. This falls under the company’s mission to invest C$70 billion across Canada by 2026. The current investment in Chaudière-Appalaches and the various communities is part of the current mission.
TELUS will also provide its PureFibre network to the rural and local families in the Chaudière-Appalaches region.
Nearly 4,500 homes and businesses in Berthier-sur-Mer, Leclercville, Saint-Côme-Linière, Saint-Isidore and Saint-Joseph-des-Érables, etc., will have access to faster and more dependable Internet technology, with equal upload and download speeds and nearly infinite bandwidth. This enables customers to simultaneously work, stream and make video chats.
TELUS plans to connect about 25,000 homes and businesses to the PureFibre network by September 2022 in the Eastern Quebec, Capitale-Nationale, Chaudière-Appalaches, Mauricie and Estrie regions.
TELUS recently
reported
healthy first-quarter 2022 results. It recorded adjusted earnings per share of C$0.30 (24 cents) in first-quarter 2022 compared with C$0.27 per share in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate of 23 cents.
Subscriber growth and double-digit revenue growth across the TELUS International, TELUS Health and TELUS Agriculture segments boosted the company’s top-line performance. Quarterly total operating revenues increased 6.4% year over year to C$4,282 million ($3,381 million).
Shares of TU have gained 9.5% compared with the
industry’s
rise of 4.5% in the past year.
Stocks to Consider
TELUS currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry are
DTE Energy
DTE
,
RWE AG
RWEOY
and
Global Water Resources
GWRS
. RWE and Global Water currently sport a Zacks Rank #1 (Strong Buy), whereas DTE Energy carries a Zacks Rank #2 (Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for DTE Energy’s 2022 earnings is pegged at $6.04 per share, rising 1.7% in the past 60 days. The long-term earnings growth rate is anticipated to be 6%.
DTE Energy’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 9%. Shares of DTE Energy have declined 3.3% in the past year.
The Zacks Consensus Estimate for RWE’s 2022 earnings is pegged at $2.72 per share, rising 13% in the past 60 days. The long-term earnings growth rate is anticipated to be 4.5%.
Shares of RWE have risen 16.4% in the past year.
The Zacks Consensus Estimate for Global Water’s 2022 earnings is pegged at 20 cents per share, rising 25% in the past 60 days. The long-term earnings growth rate is anticipated to be 15%.
Global Water’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 154.2%. Shares of Global Water have declined 18.6% in the past year.
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