Telus (TU) Gets a Sell from J.P. Morgan

In a report released on July 10, Sebastiano Petti from J.P. Morgan maintained a Sell rating on Telus. The company’s shares closed last Friday at C$14.76.

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Petti covers the Communication Services sector, focusing on stocks such as T Mobile US, Cogent Comms, and Telus. According to TipRanks, Petti has an average return of 8.4% and a 54.74% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Telus with a $14.34 average price target.

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 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TU in relation to earlier this year.