TELUS (TSX:T)(NYSE:TU) is one the largest telecommunications companies in Canada. In fact, there is very little room to move in on the company, along with its peers, in our country. It operates through wireless and wireline segments, providing services and products to 15.4 million customers across the country.
Telus has a price-to-earnings ratio of 27.9, a price-to-book ratio of 2.8, a dividend yield of 4.7%, and a market capitalization of $34 billion. The company has a solid return on equity of 10.83% in the last year, and relative strength index of 44 as of writing.
The company recently had its initial public offering (IPO) for TELUS International, which focuses more on the technology aspect of its online presence. The company actually broke the record for the largest tech IPO in TSX history! This international expansion gives investors even more opportunity to see high growth from this stock.
With media, health care, financial services, e-commerce, gaming, and more under its radar, the company has the means to see high growth during this next decade, as more services become online. And again, the stock is ahead of its competitors that are still playing catch up to create the fast wireline services offered by Telus — especially now that it’s become an internationally known company.
Just look at the history of Telus stock for an idea of how far you could grow from this stock. Shares are up 475% in the last two decades for a compound annual growth rate (CAGR) of 9.14%. If you’re a long-term holder of Telus stock buying this as a millennial, you could see around 1,000% in returns by the time you retire — especially if you reinvest dividends! Yet it’s likely that this stock will soar even higher in the years to come, as the other companies continue to try and put in wireline for 5G.
Meanwhile, you can look forward to years of solid dividends from this company with a payout history of over two decades, reinvesting as you go.
Ready for even more HIGH-GROWTH stocks? Here's a free list!
Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share.
Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune.
Don't miss out! Simply click the link below to grab your free copy and discover all 5 of these stocks now.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.
Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends TELUS CORPORATION.