TELUS CORP
In the published model solve dated 2026-Q2, anchored at $9.81, TELUS CORP (TU) is priced for +3.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• TELUS is a Canadian telecom whose reported earnings chronically understate its cash engine: trailing free cash flow of $1.57 billion converts at over 275% of the $570 million in net income, because heavy depreciation on the fiber and wireless build flows through the income statement long after the cash went out. • The load-bearing risk is the balance sheet: operating income covers interest only about 2.2 times, the equity is levered 3.6 times over assets that earn a 1.3% return, and the divide
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277 institutional managers reported holding TU in 13F filings for the quarter ended 2026-03-31. Together they hold about 46% of the company; the top 10 hold 28%. 29 opened new positions that quarter. Held by Vanguard Group, Morgan Stanley, Invesco, among others. On the short side, 73.3M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (11.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TU's share count grew 13.7% over the past five years. It pays a dividend, and has paid one every year in our records (10 and counting), raised 5 years straight. Cash returned over the past three years: $4.49B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.