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Analysts Offer Insights on Communication Services Companies: Roku (ROKU) and Telus (TU)

Tipranks - Sat Feb 14, 6:42AM CST

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Roku (ROKUResearch Report) and Telus (TUResearch Report) with bullish sentiments.

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Roku (ROKU)

In a report released yesterday, Michael Morris from Guggenheim maintained a Buy rating on Roku, with a price target of $115.00. The company’s shares closed last Thursday at $82.93.

According to TipRanks.com, Morris is a 5-star analyst with an average return of 13.5% and a 54.1% success rate. Morris covers the NA sector, focusing on stocks such as Warner Music Group, Reddit Inc Class A, and Alphabet Class A. ;'>

Currently, the analyst consensus on Roku is a Strong Buy with an average price target of $126.94, a 45.0% upside from current levels. In a report issued on February 6, Oppenheimer also upgraded the stock to Buy with a $105.00 price target.

See the top stocks recommended by analysts >>

Telus (TU)

RBC Capital analyst Drew Mcreynolds maintained a Buy rating on Telus today and set a price target of C$23.00. The company’s shares closed last Thursday at $13.93.

According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 4.1% and a 54.2% success rate. Mcreynolds covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and WildBrain. ;'>

Telus has an analyst consensus of Moderate Buy, with a price target consensus of $15.10, an 8.6% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$21.00 price target.

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