the rights to Hockey Night in Canada — that Entwistle, who took over as Telus CEO in 2000, spent about $3 billion to build a health-care business that could manage digital medical records and connect doctors and patients over the internet.Article contentand it made Entwistle the Don Quixote of the Canadian telecommunications industry.
“We are raising our target price” to $30 per share, from $26, Bank of Montreal telecommunications analyst Tim Casey informed his clients this week after Telus’s latest earnings report, “based on Telus’s superior operating performance and attractive asset mix.” But investors appear to detect a difference. Telus’s share price has gained about 35 per cent since last March, when global stock markets collapsed, while BCE’s shares have gained only about 20 per cent over that period. Rogers is about 23 per cent higher.