This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Communication Services Companies: Baidu (BIDU) and Telus (TU)

Tipranks - Sun May 24, 7:24AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Baidu (BIDU) and Telus (TU).

Meet Samuel – Your Personal Investing Prophet

Baidu (BIDU)

J.P. Morgan analyst Alex Yao maintained a Buy rating on Baidu yesterday and set a price target of $230.00. The company’s shares closed last Friday at $127.79.

Yao has an average return of 3.2% when recommending Baidu. ;'>

According to TipRanks.com, Yao is ranked #3694 out of 12268 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Baidu with a $168.17 average price target, a 31.8% upside from current levels. In a report issued on May 8, Jefferies also maintained a Buy rating on the stock with a $181.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Telus (TU)

In a report released yesterday, Sebastiano Petti from J.P. Morgan maintained a Sell rating on Telus, with a price target of C$18.00. The company’s shares closed last Friday at $12.49.

According to TipRanks.com, Petti is a 4-star analyst with an average return of 8.7% and a 58.6% success rate. Petti covers the NA sector, focusing on stocks such as Charter Communications, Rogers Communication, and Lumen Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Telus with a $14.51 average price target.

Read More on BIDU:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.