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Canaccord Genuity Sticks to Their Hold Rating for Telus (TU)

Tipranks - Tipranks - Mon May 11, 5:48PM CDT

In a report released today, Aravinda Galappatthige from Canaccord Genuity maintained a Hold rating on Telus, with a price target of C$16.75.

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According to TipRanks, Galappatthige is a 3-star analyst with an average return of 1.5% and a 48.77% success rate. Galappatthige covers the Communication Services sector, focusing on stocks such as BCE, Telus, and Cogeco Communications.

Telus has an analyst consensus of Moderate Buy, with a price target consensus of C$19.36.

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Based on Telus’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$4.99 billion and a net profit of C$136 million. In comparison, last year the company earned a revenue of C$5.02 billion and had a net profit of C$321 million

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TU in relation to earlier this year.

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