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Analysts Offer Insights on Communication Services Companies: Reddit Inc Class A (RDDT) and Telus (TU)

Tipranks - Tipranks - Sat Jun 6, 8:28AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Reddit Inc Class A (RDDT) and Telus (TU).

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Reddit Inc Class A (RDDT)

In a report released today, Alec Brondolo from Wells Fargo assigned a Hold rating to Reddit Inc Class A, with a price target of $176.00. The company’s shares closed last Thursday at $183.91.

According to TipRanks.com, Brondolo is a 3-star analyst with an average return of 5.1% and a 47.5% success rate. Brondolo covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Trade Desk. ;'>

Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $218.62.

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Telus (TU)

In a report issued on June 3, Drew Mcreynolds from RBC Capital maintained a Buy rating on Telus, with a price target of C$22.00. The company’s shares closed last Thursday at $12.28.

According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 4.0% and a 52.4% success rate. Mcreynolds covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and WildBrain. ;'>

Currently, the analyst consensus on Telus is a Moderate Buy with an average price target of $14.45.

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