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TELUS (TU) Launches Low-Cost Internet Plans for Senior Citizens

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Communications technology company TELUS Corporation (TU - Free Report) recently launched affordable Internet plans for low-income senior citizens across British Columbia and Alberta in Canada.

The new Internet for Good plans is aimed at helping seniors to connect with their family and friends as well as access healthcare and other critical resources to maintain overall well-being amid pandemic-induced on/off shelter in place guidelines, added the company.

Per TELUS, the new Internet for Good plans will aid an extra 415,000 low-income seniors to gain access to high-speed Internet. TELUS had launched the Internet for Good plan in 2016.

Under the program, seniors who receive the Guaranteed Income Supplement (GIS) will get two high-speed Internet for Good plans with unlimited data. The first plan — Internet 25 — will provide users with high speed of up to 25 Mbps for a monthly tariff of C$9.95, while the second plan — Internet 50 — will offer Internet with speeds of up to 50 Mbps for C$19.95 per month.

TELUS noted that the company’s existing customers who switch to the new internet plan would have their bills lowered to the tariff of the selected plan.

TELUS is one of the prominent Canadian telecom service providers based in Burnaby, British Columbia. The company provides wireless, wireline and Internet communications services for voice and data to businesses and consumers.

TELUS Corporation Price and Consensus

 

TELUS Corporation Price and Consensus

TELUS Corporation price-consensus-chart | TELUS Corporation Quote

A few days back, the company expanded its 5G network to Lloydminster as part of its C$14.5 billion investment in Alberta through 2024. Since 2000, the company has invested nearly C$240 billion in network infrastructure, operations and spectrum across Canada, including more than C$51 billion in Alberta. Other locations where TELUS rolled out its 5G service are Salmo and Golden in British Columbia.

In the last reported quarter, the company’s total operating revenues soared 6.8% year over year to C$4,251 million ($3,376 million). The upside was driven by higher demand for premium bundled offerings that resulted in total customer net additions of 320,000, an all-time quarterly record for the company.

Higher Internet and third-wave data service margins along with an increased contribution from Digitally-led customer experiences – TELUS International segment and growth in mobile equipment margins also acted as major tailwinds .

Zacks Rank & Stocks to Consider

At present, TELUS carries a Zacks Rank #4 (Sell).

Top-ranked stocks from the broader technology sector include Salesforce (CRM - Free Report) , Hewlett Packard (HPE - Free Report) and Microsoft (MSFT - Free Report) . While Salesforce and Hewlett Packard sport a Zacks Rank #1, Microsoft 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 Salesforce’s fiscal 2022 earnings is pegged at $4.68 per share, up 6.4% in the past 60 days. The long-term earnings growth rate of the company is pegged at 16.8%.

Salesforce’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average surprise being 44.2%. Shares of CRM have increased 6.6% in the past year.

The Zacks Consensus Estimate for Hewlett Packard’s fiscal 2022 earnings is pegged at $2.03 per share, unchanged in the past 60 days. The long-term earnings growth rate of the company is pegged at 5.8%.

Hewlett Packard’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 14.4%. Shares of HPE have rallied 42.7% in the past year.

The Zacks Consensus Estimate for Microsoft’s fiscal 2022 earnings is pegged at $9.13 per share. The long-term earnings growth rate of the company is pegged at 12%.

Microsoft’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 14.8%. Shares of MSFT have surged 43.3% in the past year.