Is Telus a Good Stock to Buy After Finally Cutting its Dividend?

Telus (TSX:T) recently slashed its dividend by 55%, leading contrarian investors to consider if the stock is now oversold and an attractive buy for long-term portfolios. The company's share price has fallen significantly since 2022 due to rising interest rates, debt, and market pressures like mobile price wars and declining revenue from Telus Digital. While risks remain, the new CEO's actions to address dividend and writedowns early, alongside investments in AI data centers and growth in Telus Health, could signal a potential turnaround.