Q: Could I have your current opinion on telus after todays results and news. Buy sell or hold ?
5i Research Answer:
EPS of 20c missed estimates of 25c; revenue of $5.26B missed estimates of $5.40B. EBITDA of $1.83B missed estimates by 2%. A new CEO (former CIBC CEO) was announced. Guidance calls for EBITDA growth of 2% to 4% this year. Capex will be $2.3B. It was a miss, but our comments remain the same. It is OK for income. We would see it as a slow accumulate for income investors. There is potential, but also more work to be done here to get T back on track.