Analysts Offer Insights on Communication Services Companies: Telus (TU) and Telefonica (TEF)

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Telus (TU – Research Report) and Telefonica (TEF – Research Report) with bullish sentiments.

Telus (TU)

In a report released today, Stephanie Price from CIBC maintained a Buy rating on Telus, with a price target of C$26.00. The company’s shares closed last Friday at $16.30.

According to TipRanks.com, Price is a 5-star analyst with an average return of 11.0% and a 61.5% success rate. Price covers the Technology sector, focusing on stocks such as The Descartes Systems Group, TELUS International (CDA), and CGI Group.

Currently, the analyst consensus on Telus is a Moderate Buy with an average price target of $18.32, implying an 11.8% upside from current levels. In a report issued on May 8, Bank of America Securities also maintained a Buy rating on the stock with a C$27.00 price target.

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Read More on TU:

• TELUS Corp Reports Record First Quarter Growth
• TELUS Declares Quarterly Cash Dividend
• TELUS Corp Announces Record First Quarter Growth
• Telus Corp Sees Mixed Q1 2024 Financials
• Telus reports Q1 adjusted EPS C$0.26 vs. C$0.27 last year