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TSE:T
This summary was created by AI, based on 83 opinions in the last 12 months.
Telus Corp (T-T) is currently facing significant challenges in the telecom sector, with many analysts highlighting its high dividend yield and potential sustainability concerns. The recent 55% dividend cut aimed at repairing the balance sheet has softened some worries, but there remain doubts about the company's ability to grow in a mature industry. Experts note the need for cost-cutting measures and shifts in focus, including the potential sale of non-core assets. With earnings projected to grow only modestly, Tesus is frequently viewed as a stable income-generating investment rather than a growth opportunity. Many reviewers suggest a cautious approach, recommending investors wait for more clarity before committing to any further investments in Telus.
One caution right now is that telecoms, consumer staples and utilities have all rallied in the last year. Thinks there will be a pause, especially given that we are starting to see a decline in margins in all 3 areas. Dividends on this one have been going up at a nice sharp pace. He has been taking profits on this in the last year.
(A Top Pick May 15/12. Up 8.7%.)