| Comment | 42.650 | Peter Gibson | Cost of development plus recent profit weakness has been overhanging the stock recently. Undervalued but would like to see some profit growth. Prefers Rogers (RCI.B-T). | 2008-08-29 | |
| Comment | 42.650 | Stephen Carlin | News today of a potential CapX project that BCE (BCE-T) and Telus are talking about. If they go ahead with this there will be an increasingly more competitive market. Rogers (RCI.B-T) still has the leg up as a superior network. Have a key mover advantage with the iPhone or any of the new Blackberry launches. They are already into the 3G environment. | 2008-08-29 | |
| Comment | 40.160 | Kevin O'Leary | Very well managed business. He keeps thinking about these players and how they are going to merge together at some point. If you are going to own in this area, this is probably the one that he would buy. | 2008-08-25 | |
| BUY | 40.830 | Gordon Higgins, CA, MBA, CFA | Subscriber numbers on their wireless where extremely strong. Solid growth. Good value at these levels. | 2008-08-08 | |
| HOLD | 38.700 | Peter Brieger | Once the dust clears on where the next generation of wireless is going, this will be one of the prominent players. He prefers Rogers (RCI.B-T) in this space. | 2008-08-05 | |
| HOLD | 38.190 | Duncan Stewart | Had execution issues such as wireless growth and cost of new customers. Biggest problem is their CDMA wireless technology as opposed to global GSM. Will have to build an overlay network requiring a large outlay. When an announcement is made, stock will probably drop and that would be the time to Buy. | 2008-07-28 | |
| DON'T BUY | 39.370 | Greg A. Taylor, CFA, BBA | A lot of people will be looking at this one because they have lost BCE and they want something in the telco sector. Could be looking at 6 months of more negative news than positive. Talking of changing from a CDMA network to a GSM and there will be a lot of different viewpoints on what this will cost. There is also the threat of a new wireless entrant coming in. | 2008-07-22 | |
| HOLD | 40.080 | Norman Levine | (Market Call Minute.) | 2008-07-21 | |
| TOP PICK | 40.080 | Hank Cunningham | 5.95% bond maturing Apr 15/15. 200 basis points above Canada’s and are investment grade. Issued after all the kafuffle about the Bell debentures so there were a couple of corporate issues with 2 provisos. If there’s a change of control and/or the investment falls below investment grade the company must buy these back at 101. | 2008-07-21 | |
| DON'T BUY | 40.300 | David Burrows | Wire line and wireless companies are having a difficult time right now across North America. Expect this will continue in the short run. | 2008-07-11 | |
| PAST TOP PICK | 42.280 | Peter Gibson | (A Top Pick July 16/07. Down 31%.) Not a bad looking company, but ROE is falling. Sold his holdings. | 2008-06-27 | |
| BUY | 45.500 | David Baskin | Outlook for 4-5 years is not stellar, but not bad either. Has been beaten down because of the Spectrum auction for wireless. Doesn't see competition happening soon or eroding margins very fast. Likes the dividend yield. | 2008-06-10 | |
| PAST TOP PICK | 48.430 | Bruce Campbell | (A Top Pick May 9/07. Down 19%.) Sold his holdings last summer before the big drop. Was concerned that they would have to to upgrade to the GSM. | 2008-05-26 | |
| Comment | 47.920 | Pierre Bernard | Increase in stock relies on many factors including wireless business, where the Source license will go and also what happens to Bell Canada (BCE-T). If the BCE deal goes through, what will the new management have on the telecom landscape. | 2008-05-21 | |
| BUY | 47.670 | Gavin Graham | (Market Call Minute.) 3.9% yield. Getting some traction in its wireless. | 2008-05-20 | |
| BUY | 47.670 | Bob Stodgell | On the assumption that the Bell Canada (BCE-T) deal does get done, there will be a lot of money that has been designated for the Telecom area and will have to be redeployed. Feels the competitive landscape will be changing too. Good long-term holding. | 2008-05-20 | |
| PAST TOP PICK | 46.360 | Robert Lauzon | (A Top Pick Nov 24/06. Down 15%.) Was potentially going to convert to an income trust but, more importantly, there were private equity shops circling the company and potentially privatize it. With the credit crunch, this was put on the shelf. At these levels, he would prefer to own BCE (BCE-T). | 2008-04-28 | |
| Comment | 45.700 | Gordon Higgins, CA, MBA, CFA | People do not believe the valuation on the Telcos and that is one reason why the stock is low. There are also new entrants coming in on the cellular side. | 2008-04-17 | |
| Comment | 46.560 | Paul Gardner, CFA | Was a growth stock but is now a value stock. Somewhat cheap at this point with free cash flow yield of about 11%. On an Enterprise versus EBITDA basis it is very favourable at around 6X. Wireless is slowing down because of competition, especially with Spectrum. If you believe wireless is a growth story and will grow, this should do better. If you see a larger turnover of subscriber rates then it will go down. Also not on the GSM which is the main network. | 2008-04-10 | |
| SELL | 45.680 | Robert McWhirter | (Market Call Minute.) You can probably do better in some of the other utilities. | 2008-04-08 | |
| VAGUE | 43.620 | Lyle Stein | Don’t own the stock because the industry is a concern. Some money will flow into Telus. | 2008-03-28 | |
| WAIT | 43.370 | Ross Healey | As if the market got bored with the stock. Could see a downside of $36-37 before there is interest in it again. Would wait to be buying. | 2008-03-26 | |
| HOLD | 42.060 | Peter Brieger | There’s a cloud over all the telecommunications stocks, given the potential increase in competition over the new wireless licences. This stock is incredibly cheap, 10-11 times earnings. Yielding 4.20%. Has good potential. 1-2 year target of $50-53. Good conservative hold. | 2008-03-19 | |
| DON'T BUY | 42.560 | Laura Wallace | Looks very cheap on the numbers. Her concern is wireless growth. Manitoba Tel (MBT-T) has just announced that they are going for the Spectrum with 2 strong partners. There has already been enough competition from the incumbent standpoint. | 2008-03-12 | |
| DON'T BUY | 45.160 | John O'Connell, CFA | Would rather own Rogers (RCI.B-T) because of their rapidly growing cellular franchise, cable business and also the Internet business. Switching from CDMA to GSM, which will be a huge capital expenditure. | 2008-03-03 | |
| DON'T BUY | 46.800 | Brian Acker, CA | Still expensive to him. His model prices $41.52. That is an -11% differential. If it gets around $35.70, it would become real interesting to him. | 2008-02-27 | |
| TOP PICK | 42.710 | David Baskin | A terrific stock for yield seekers. Dividend of 4%. Likes the price/earnings ratio. Good price. | 2008-02-19 | |
| BUY | 42.710 | Bill Shaw | Good long-term hold for income and growth. Yields about 4.5%. Considering this for his fund. There could be a significant cost integrating GMS but would be offset by the revenue they would receive. | 2008-02-19 | |
| DON'T BUY | 41.550 | David Burrows | Telecom has not been a space that has been performing well. There are concerns about wire line revenues as well as the wireless side. If he had to pick one, it would be Bell Alient (BA.UN-T), which is paying about 9.5% and just recently raised their distribution and only paying out about 90% of their cash flow. | 2008-02-15 | |
| DON'T BUY | 42.700 | Paul Gardner, CFA | Problematic. Was a growth story and traded at about 6X EBITDA and about 15X earnings. Now it's a value story and the question is, is it worth it now. Would be hesitant on this as part of their biggest growth was the wireless section and they are having a lot of trouble with it. Looking for it to go lower. Would prefer it at 9X PE. | 2008-02-05 | |
| DON'T BUY | 43.520 | David Burrows | A slow one business on the wireline side and have competition on the wireless side. | 2008-01-28 | |
| BUY | 43.960 | Gordon Higgins, CA, MBA, CFA | Sold off because 1) the market sold off and 2) the government is going to sell Spectrum, which would give them competition. Not sure where the competition is going to get all the financing to build the communication towers, etc. Has great cash flow and trades for less than 5X cash flow. Typically they trade at 5.5 or 6X cash flow. Should see at least a 10% upside from these levels. | 2008-01-25 | |
| SELL | 42.810 | Bruce Campbell | (Market Call Minute.) He recently sold his holdings. They are going to have to spend $500 million to upgrade to GSM, which is a negative. | 2008-01-23 | |
| SELL | 43.990 | Don Vialoux | (Market Call Minute.) Technicals are still negative and the trend is down. | 2008-01-16 | |
| BUY | 46.360 | David Baskin | Very attractive dividend. Just announced they are turning themselves into a GSM phone provider, which means that they will be able to operate their phones around the world, which will attract very handsome roaming fees. If you are prepared to have a long view this one offers some interesting upside. | 2008-01-14 | |
| DON'T BUY | 47.260 | Norman Levine | The highest growth part of this company has been wireless. This area has lost momentum to Rogers (RCI.B-T). It has to get its act together and start to attract customers. The problem is that it is locked into CDMA technology. | 2008-01-07 | |
| TOP PICK | 49.850 | Gavin Graham | Addition of new mobile customers lagged and it's down 7%. 3.6% yield. This is an industry that will continue to grow. | 2008-01-02 | |
| DON'T BUY | 49.540 | Paul Gardner, CFA | Defined as a growth stock but has now been smashed into a value stock. Had a bad year on price performance. Starting to lose market share with a negative impact on their wireless. Also, Spectrum auction is about to come on is going to create more competition. Landlines have deteriorated. Will have to spend a lot of money to keep clients. If buying, try to get it in the low $40's. | 2007-12-28 | |
| DON'T BUY | 49.120 | Andrew Guy, CFA | Been a growth stock for the past number of years. As wireless penetration increased and more services added on, they’ve grown much quicker than expected. Now transitioning from growth into steady state. This can be painful. Wireless auction could put more pressure on them. Could see the price under $40 for a short period. | 2007-12-27 | |
| TOP PICK | 46.280 | David Baskin | 4% dividend yield. If you own Bell Canada (BCE-T) and it is taken out, and you want exposure to the telecom sector and you want to replace that nice, fat dividend with the dividend tax credit, this is an obvious pick. No longer trading at a huge PE multiple. Solid growth prospects going forward. | 2007-12-18 | |
| WEAK BUY | 43.910 | Alex Ruus | (Market Call Minute.) This would be a Hold to moderate Buy. Suffering a bit from the spectrum announcement and probably increasing capital expenditure for wireless extension. | 2007-12-13 | |
| Comment | 44.160 | Michael Smedley | Have been off the boil. Have been hit by their own operational problems and low numbers. | 2007-12-12 | |
| DON'T BUY | 46.100 | John O'Connell, CFA | Wouldn't be his preferred name right now. They and Bell Canada (BCE-T) are the most susceptible to new entrants coming into the governments Spectrum offering. | 2007-12-10 | |
| DON'T BUY | 45.740 | Norman Levine | Have 2 headwinds against them 1) execution on basic business in the wireless has not been as good as in the past and 2) with the new spectrum auction coming up, where new entrants will be allowed to bid. Eventually, the drop in the stock will run out of steam and start to pick up again and fundamentals will improve and that's when you want to Buy. | 2007-12-03 | |
| Comment | 46.820 | Ross Healey | Because of the CRTC announcement on wireless (spectrum) Telus (T-T) and Rogers (RCI.B-T) have had a bit of a setback. There may be more competition in cellular phones and could put pressure on both companies. | 2007-11-30 | |
| PAST TOP PICK | 46.620 | Robert Lauzon | (Past Top Pick Nov 24/06. Down 13.6%.) Sold half at his position. His reason for holding this was because of the break up scenario. Currently under a lot of pressure. Good holding for a long-term investor. | 2007-11-29 | |
| TOP PICK | 46.620 | David Baskin | Had been oversold on news of the government's wireless deal. No matter who buys that spectrum, to do their build out, marketing and trying to steal customers it will take 4 or 5 years. Good yield. Will probably go back up to where it was in the spring. | 2007-11-29 | |
| Comment | 48.910 | Derek Webb, CFA | Not seeing great acceleration or the acceleration in earnings so it is not on his radar screen. | 2007-11-28 | |
| DON'T BUY | 49.750 | Brian Acker, CA | Has always been overvalued to him. His model price is $43.29, a negative 14% differential. | 2007-11-20 | |
| DON'T BUY | 49.750 | Norman Levine | Had an earnings miss and the stock dropped. Investors want to see it turn around. It could be a little dicey in the near term. Could have new wireless competition. Would be conservative in this area and would look at something like Bell Aliant (BA.UN-T). No growth, but a 9% yield. (Also possibly a Manitoba Tel (MBT-T).) There will come a time to own Telus, but not now. | 2007-11-20 | |
| SELL | 51.280 | Bill Carrigan | Rogers (RCI.B-T) and Telus (T-T) have been leaders for a long, long time. They have broken their up trends and he thinks it's a serious break. So he would be reducing both of these names. Another reason is that it is highly owned by institutions and they will be cutting back. | 2007-11-13 | |
| DON'T BUY | 52.600 | Norman Levine | It was by far the best performing Canadian telco for a long time, however growth rate seems to have shrunk quite a bit. Doesn't deserve the premium multiple it was getting. It now seems to be Rogers (RCI.B-T) who is the hot guy in wireless. | 2007-11-09 | |
| Comment | 53.000 | Robert McWhirter | If you are a growth investor it is a Sell. Ranks #241. If you are an income investor, it is a Buy. | 2007-11-07 | |
| BUY on WEAKNESS | 53.780 | Peter Brieger | On his radar screen along with Manitoba Tel (MBT-T). This would be for his blue chip growth clients’ accounts. Would be interested around $51 or $52. | 2007-11-06 | |
| SELL | 56.600 | Paul Harris, CFA | Hasn't liked the telcos, but if you have to own one, this would be it. Lots of competition on the wireless side. Trades at a lower multiple than the rest. Prefers Rogers (RCI.B-T). | 2007-11-01 | |
| TOP PICK | 57.740 | Chyanne Fickes | Last quarter wasn't great and the stock got really hit. Has under performed the group and is a great value play. She is looking for this quarter to be much better. Will be re-capitalizing their balance sheet, so that will look better. To roll out their GSM system, it will only take about $450 million of capX, which is really good. | 2007-10-01 | |
| TOP PICK | 57.750 | David Baskin | Only 4 or 5 big names in the space. Asset class you have to own. BCE is going away. All that market cap will come back to telecom space. Dividend has room to increase, not expensive. | 2007-09-26 | |
| HOLD | 56.800 | Peter Brieger | Has come down to virtually A market multiple. Definitely Hold and may very well be a Buy | 2007-09-25 | |
| BUY | 55.500 | Gordon Higgins, CA, MBA, CFA | Its growth engine has been the cellular phone side. There is now uncertainty as to whether the government will license out a 4th provider. Trading where it is because the talk of the leveraged buyout is now over. | 2007-09-12 | |
| DON'T BUY | 54.510 | Norman Levine | Has been Canada's growth telecom vehicle and continues to be. Have the best management and the best balance sheet. 2 problems are valuation, which is starting to come out of the stock and competition. | 2007-08-29 | |
| Comment | 53.300 | Peter Brieger | Stumbled last quarter but a first rate company. Growth outlook is superior to Manitoba Tel (MBT-T). | 2007-08-28 | |
| DON'T BUY | 54.000 | Don Vialoux | Recently broke a key support level this month. Has been in a downward trend for the last few months. Market had expected this company would be taken out similar to BCE (BCE-T) but that didn't happen. | 2007-08-27 | |
| BUY | 54.610 | David Baskin | Feels this offers better value Rogers (RCI.B-T). Will have to develop world phone capability at pretty significant capital cost. | 2007-08-23 | |
| DON'T BUY | 55.240 | Brian Acker, CA | His model price is $44.93. Reported and reduced their earnings estimates. There is a -17% differential on this one. | 2007-08-22 | |
| HOLD | 55.240 | Paul Gardner, CFA | Has fallen because 1) the takeover premium in the telco sector is now gone and 2) last quarter came out with some really choppy earnings. Had a higher than expected churn on their mobile, higher acquisition costs and barely beat estimates. Telcos don't have the bundling ability like the cables. | 2007-08-22 | |
| TOP PICK | 54.360 | Stephen Carlin | Been severely punished in the last couple of weeks as a result of BCE, no mergers/acquisitions and also the 2nd quarter was a bit of a disappointment. Thinks they will regain ground in the 3rd and 4th quarters. Fundamentals for the wireless business is still good. | 2007-08-21 | |
| BUY | 51.740 | Greg A. Taylor, CFA, BBA | Globally Telcos are lagging cable companies. Better bundles are with cable. Also been under pressure because of concerns they will bid for BCE. This is unlikely so it may be an opportunity. Have a great cash position with the possibility of increased dividend or stock buyback. | 2007-08-20 | |
| Comment | 54.000 | Rob Callander | Had a sharp correction because of a possible merger with BCE. That is off the table now. 2nd quarter was not good. An exceptionally well-run company. Has been growing consistently and will continue to do so. Long-term, an excellent stock. | 2007-08-14 | |
| HOLD | 53.850 | David Burrows | Hit recently because of disappointing earnings. Looks like it's a one-time deal. Jury is still out, but he is giving it the benefit of the doubt because of the sector. Would not hold this much below $54. | 2007-08-09 | |
| BUY | 53.850 | Michael Smedley | Doesn't like that they are using CDMA, which doesn't seem to work very well instead of GSM. Very strong company. | 2007-08-09 | |
| BUY | 57.500 | Michael Smedley | Good management. Have just announced they are not getting involved with the BCE takeover. A good hold. | 2007-08-03 | |
| BUY on WEAKNESS | 60.400 | Laura Wallace | With BCE going private, you are only left with this company and Rogers (RCI.B-T) if you want wireless. The stock still has a bit of a premium in it. Likes it longer term, but would prefer it to 10% lower. | 2007-08-02 | |
| TOP PICK | 60.400 | Chyanne Fickes | Reporting to moral and she is expecting good things. Margins are good. Making a huge amount of money on wireless. Doesn't think they will be making a play for BCE. | 2007-08-02 | |
| Comment | 58.350 | Veronika Hirsch | This is a little problematic here. They have shown interest in merging with BCE. If this happened, it would be negative for them. On the other hand, it could be a takeover. | 2007-08-01 | |
| Comment | 59.430 | John O'Connell, CFA | The telco area is a very capital-intensive business. There is a lot of competition coming down the road. This is a well-run company with good dividends. Could be volatile. | 2007-07-31 | |
| BUY | 59.570 | Bruce Campbell | Have been buying recently. Below $60, it looks excellent just on its wireless fundamentals. | 2007-07-30 | |
| BUY | 62.230 | Ian Nakamoto | One of the leaders in diversified communication needs such as cable, wireless, telephone video, etc. Expect BCE money will float into the different communication companies. | 2007-07-24 | |
| TOP PICK | 63.450 | Peter Gibson | Underlying fundamentals are great. Great margin growth and great asset turnover growth. Cheaper than the market on a PE basis. | 2007-07-16 | |
| TOP PICK | 65.260 | Chyanne Fickes | Great franchise. The situation with BCE is going to benefit them. When BCE investors have to cash out, this is a logical place for them to put their money. | 2007-07-05 | |
| TOP PICK | 63.540 | John Zechner | The BCE takeover can be very good for this company. Has had good margin improvements. | 2007-06-18 | |
| Comment | 63.680 | Laura Wallace | There are three bidders for BCE, and one of the losers on that deal may turn around and look at T-THowever it is expensive right now. On correction it will be an indemand stock.They own the BCE | 2007-06-08 | |
| DON'T BUY | 65.480 | Laura Wallace | When BCE goes, this will remain as one of the large-cap telecommunications play. Expensive. Expect there will be pressure on margins down the road. | 2007-05-23 | |
| BUY | 60.730 | Ian Nakamoto | This is his top pick in the telecom space. Excellent company with lots of free cash flow. Innovative in terms of wireless additions. | 2007-05-14 | |
| TOP PICK | 61.500 | Bruce Campbell | Has had a nice run. Where BCE (BCE-T) had gone up 28%, this one is up about 3%. Can see $69 in a year plus a bit of yield. If private equity took a look at this, similar to BCE, it would be over $80. | 2007-05-09 | |
| TOP PICK | 63.650 | John Zechner | When BCE (BCE-T) gets bought out, it will be a different kind of company and will be a little bit more reticent to take on risks. Money coming out of BCE will gravitate here. Likes wireless. | 2007-04-25 | |
| TOP PICK | 63.650 | Gavin Graham | Has outperformed over the last 5 years because it had been so oversold. This company is a big beneficiary from the BCE deal. | 2007-04-23 | |
| BUY | 62.720 | Robert Floyd | Interesting juncture here. A lot of rumours in this space as a result of the BCE situation. Once the BCE money comes out, investors are going to be looking for a place to put it. This would be one of the obvious targets. | 2007-04-19 | |
| Comment | 64.570 | Kenneth P. Norquay, CMT | Telephone stocks are leaders in this market. Had a pullback in the late 06 and now it is in another uptrend. When the stock gets to the old high, there could be a sell off from people try to get their money back so it might get stuck for a little while. Wait for a break through. | 2007-04-17 | |
| PAST TOP PICK | 58.900 | Robert Lauzon | (A Top Pick Nov 24/06. Up 3.7%.) A good, long-term, blue chip hold. Good dividend. | 2007-03-30 | |
| TOP PICK | 57.740 | Chyanne Fickes | Wireless numbers are superb. Have the highest revenue per customer of all the wireless companies. | 2007-03-12 | |
| BUY | 57.400 | Gavin Graham | Better growth profile than Bell Canada (BCE-T), but a lower yield. Over the last 5 years, you would have tripled your money in this stock, while making no money in Bell Canada. | 2007-03-06 | |
| BUY | 56.350 | Robert McWhirter | Thinks there is still opportunity long-term overall for communications. Canada is still under-cell phoned. Expecting earnings growth and dividend growth. | 2007-02-28 | |
| BUY | 58.380 | David Burrows | Telecom, specifically wireless, and cable had been very good spots to be in. Very strong cash flow growth. Have been paying down debt. | 2007-02-20 | |
| BUY | 58.030 | Peter Brieger | P/E has come down. Yield of 2.58% which is quite attractive. Good growth opportunities. | 2007-02-19 | |
| DON'T BUY | 56.950 | Chris Smith | An interesting story. Has pretty much done nothing for a couple of months because of all the damage from the income trust story. Seems to be a slowdown in the adoption of wireless and new subscribers. Would be careful on this name. | 2007-02-07 | |
| DON'T BUY | 56.690 | Paul Gardner, CFA | Last quarter had slightly disappointing news that their free cash flow had dropped. Have increased their cap X and lowered their guidance in wireless. Still have great fundamentals of free cash flow. Expects it will creep higher. | 2007-02-05 | |
| Comment | 55.850 | Laura Wallace | Telecommunications sector is entering a very competitive phase. Prefers BCE (BCE-T) with its higher dividend yield and cheaper multiple. There are a lot of positive expectations built into the stock price and she would rather be in the lower valued company. | 2007-01-31 | |
| TOP PICK | 53.820 | John Zechner | (A Top Pick Oct 16/06. Down 13.2%.) Trust announcement by the government hit them. The average revenue for wireless user is rising. Generating substantial amounts of cash. | 2007-01-22 | |
| HOLD | 55.000 | Larry Berman CFA, CMT, CTA | Excluding the portion in the chart that was the income trust part, the trend is still very good. Don't look for the same kind of performance going forward that you've had in the past. Look for something closer to $50 as an entry point. | 2007-01-17 | |
| BUY | 55.430 | Peter Brieger | Multiple has come down quite a bit and is now about 16.5 X consensus earnings. Yield is about 2.7%. Moving into a very strong Buy position. | 2007-01-15 | |
Experts that have talked about Telus Corp
Rss Top Picks Feed
