Telus Gets C$20 Price Target Upgrade and VAS Platform Partnership
TD Securities upgraded Telus from Hold to Buy, raising its price target to C$20 from C$19 after a recent valuation selloff. Albion and Tecnotree will develop a next-generation VAS platform for Telus in North America to enhance digital services and boost revenue.
1. TD Securities Upgrades Telus to Buy
TD Securities upgraded Telus from Hold to Buy and raised its price target to C$20 from C$19, citing attractive valuation after the stock's recent selloff. The firm highlighted Telus's dividend yield stability and potential upside as key drivers.
2. Albion and Tecnotree VAS Platform Partnership
Albion and Tecnotree have partnered to co-develop a next-generation VAS platform for Telus in North America, integrating advanced messaging, data analytics and IoT services. The collaboration aims to enhance customer experience, streamline service deployment and boost incremental service revenue.