Q: Do you think Telus is an oportunistic buy at this time? Risk/Reward.?
Thank you
Thank you
5i Research Answer:
Sentiment is low, and investors are now expecting a dividend cut. It could still see some year-end or tax-loss selling. But, we think it could be slowly accumulated for income investors. It has the potential to cut costs, and any shift in sentiment could see it make decent gains in a recovery scenario. We would be OK owning some, but would not see the need to load up here. Patience is going to be needed.