CIBC Remains a Buy on Telus (TU)
In a report released today, Stephanie Price from CIBC maintained a Buy rating on Telus, with a price target of C$24.00.
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Price covers the Technology sector, focusing on stocks such as Kinaxis Inc, The Descartes Systems Group, and Constellation Software. According to TipRanks, Price has an average return of 7.5% and a 54.65% success rate on recommended stocks.
In addition to CIBC, Telus also received a Buy from TD Cowen’s Vince Valentini in a report issued today. However, on the same day, BMO Capital maintained a Hold rating on Telus (NYSE: TU).
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.
Read More on TU:
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- TELUS posts resilient Q1 2026 results and expands sovereign AI infrastructure
- TELUS Declares Quarterly Cash Dividend Payable July 2, 2026
