Telus (TU) Stock Analysis & Winston Score

Telus is a Canadian telecommunications company that provides wireless phone service, home internet, and TV to millions of customers across Canada. It also runs Telus Health, which offers digital health records and pharmacy services, and Telus Agriculture, which provides data tools to farmers. These newer divisions make Telus somewhat different from a typical phone company. Telus earns money through monthly subscription fees from wireless and internet customers, as well as fees from its health and agriculture technology services. It operates almost entirely in Canada, making it one of the country's three dominant national carriers alongside Rogers and Bell. That concentrated market structure provides some stability, but Telus carries a significant amount of debt from building out its fiber and 5G networks, and its low return on invested capital suggests those heavy infrastructure costs are a real financial burden going forward.