TELUS (TU) Stock

TELUS International, a technology company that originated from Canada's Telus Corp, has experienced a drop of over 90% in its stock price due to disappointing performance. Despite facing net losses, the company still has strong cash flows that seem to be ignored. There is a real chance for TIXT to recover significantly, and even a cautious outlook indicates that the stock could potentially double in value.

In the third quarter of 2024, TU's performance is boosted by increased service revenues from TELUS technology solutions, even though the TELUS digital experience unit is experiencing lower service revenues.

Telus (TU) reported quarterly earnings of $0.21 per share, which is higher than the Zacks Consensus Estimate of $0.17 per share. This is an increase compared to earnings of $0.19 per share from the same period last year.

TELUS Corporation reported a strong growth of 347,000 customers in both mobile and fixed services, driven by high demand for their offerings. They saw significant net additions of 130,000 mobile phones and 159,000 connected devices, along with a low postpaid mobile phone churn rate of 0.90 percent. The company's operating revenue rose by 1.9 percent, and net income increased by 88 percent compared to the previous year.

Photonic uses TU's PureFibre infrastructure to promote quantum innovation in Canada.

Telus (TU) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

Are you looking for ways to choose powerful stocks that can outperform the market for your investment portfolio? The Zacks Style Scores can help you with that.

VANCOUVER, BC, Sept. 27, 2024 /PRNewswire/ - TELUS Corporation ("TELUS") has revealed that it has bought a total of 2,593,631 subordinate voting shares (the "Purchased Shares") in TELUS International (Cda) Inc. ("TELUS Digital") through a fully owned subsidiary. These shares were acquired through market purchases on the Toronto Stock Exchange.

TU's new SmartEnergy solution is created to be compatible with smart devices, helping users save on energy expenses and lessen their impact on the environment.