Back to top

Growth & Income

TELUS Corp (TU - Analyst Report) is a Canadian telecom company that offers solid growth potential and 5% dividend yield.

Growth and Income

The company is expected to grow its EPS 14.2% in 2010, 7.2% in 2011, and 14.2% over the long term. The stock also offers investors a juicy dividend yield of 5.2%.

This Zacks #2 Rank stock trades at 12.4x 2010 consensus EPS estimates and 11.6x 2011 consensus EPS estimates.


TELUS Corporation provides telecommunications products and services in Canada. It operates in two segments, Wireline and Wireless.

First-Quarter Results

On May 5, TELUS Corp announced revenue of $2.4 billion. That was flat year-over-year. The company's revenue in wireless and wireline data services grew 4%, offsetting declines in its traditional voice services.

The company earned $0.81 per share, topping the Zacks Consensus Estimate by 13 cents, or 19.1%. Management also reiterated its full-year guidance that it first provided in Dec 2009.


In the last month, the Zacks Consensus Estimate for 2010 is higher by 1 cent to $3.03, while the Zacks Consensus Estimate for 2011 is up 2 cents to $3.24.

The Chart

TELUS shares have enjoyed a solid uptrend for the last year, gaining 50%. In February, the stock bounced off its 200-day moving average and broke out of a narrow trading range. It hit a new high in April and pulled back with the rest of the market in May and June. However, TU shares have rebounded strongly, reaching new highs at the end of June. The stock is now just 2% below its 52-week high.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SUPER MICRO… SMCI 27.00 +10.25%
CANADIAN SO… CSIQ 38.34 +8.18%
BANCO DO BR… BDORY 16.78 +8.05%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%