TELUS Corp

T: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Telus Earnings: Customer Additions Were Solid Despite Conservative Promotional Activity

Samuel Siampaus

Nov 8, 2024

Telus concluded the third-quarter 2024 earnings cycle for the Canadian carriers with results in line with its peers. Reasonable wireless customer additions were largely offset with stagnant average revenue per user as the industry’s promotional and discount activity intensified. After reviewing the quarter, we leave our fair value estimate unchanged at CAD 33.

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TELUS Corp

Telus Earnings: Customer Additions Were Solid Despite Conservative Promotional Activity

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