Telus Stock Slides After Disappointing Q2 Results

Impact · against what's priced in

TELUS faces a severe valuation reset following a double miss on earnings and revenue, coupled with a drastic 55% dividend cut. The shift from projected EBITDA growth to a 2-4% contraction, alongside increased capex and lowered free cash flow guidance, indicates a fundamental deterioration in the company's financial health.

TU−0.90

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In context

The company slashed its quarterly dividend by 55% to 19 cents per share to redirect $2.7 billion toward debt repayment, while simultaneously revising full-year adjusted EBITDA guidance from 2-4% growth to a 2-4% contraction.

Read from the article alone

• debt reduction▲200%
• earnings▲8%
• guidance
• TU
• ai infrastructure
• dividend cut
• profit warning
• telecom