TELUS (TSX:T) Collaborates With Edmonton Police For Pioneering 5G Public Safety Initiative

TELUS (TSX:T) recently achieved a significant milestone with the deployment of 5G priority slice technology in Edmonton, enhancing public safety during high-profile events. This development, conducted in collaboration with the Edmonton Police Service, underscores the company's innovative advancements in technology. Over the past month, TELUS's share price rose by 8%, noticeably higher than the market's 1.8% gain in the same period. This upward movement was supported by recent major investments and advancements, such as the commitment to expand its network infrastructure across Canada, further aligning with the broader positive market trends.

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The recent deployment of 5G priority slice technology in Edmonton could further strengthen TELUS's position in the telecom sector. This innovation not only enhances public safety but also demonstrates TELUS's commitment to adopting advanced technologies that could potentially drive revenue and earnings growth. As TELUS expands its network infrastructure, it aligns with the projected revenue and earnings growth forecasts, which analysts expect to rise by 3.2% annually over the next three years.

Over the past five years, TELUS achieved a total return of 24.24%, which implies a consistent return for shareholders, highlighting the company’s stability in the industry. However, over the last year, TELUS underperformed compared to the Canadian Market, which returned 16.9%. This reflects challenges in maintaining competitive performance amidst industry pressures.

The recent share price increase of 8% supports analyst forecasts regarding TELUS's future growth, although it suggests a relatively modest gap to the CA$22.78 consensus price target. With the current share price at CA$20.99, TELUS's stock is priced close to analyst expectations, indicating a belief that the company is fairly valued based on anticipated earnings growth and profitability improvements. The ongoing implementation of cutting-edge technology and network expansion initiatives could potentially boost TELUS's competitive edge and support its longer-term growth narrative.

Evaluate TELUS' historical performance by accessing our past performance report.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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