RBC Capital analyst Drew Mcreynolds assigned a Buy rating to Telus (TU – Research Report) yesterday and set a price target of C$26.00. The company’s shares closed yesterday at $16.41.
According to TipRanks, Mcreynolds is a 4-star analyst with an average return of 3.1% and a 50.26% success rate. Mcreynolds covers the Communication Services sector, focusing on stocks such as Telus, Corus Entertainment, and Quebecor.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Telus with a $18.38 average price target, a 12.00% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$25.00 price target.
Based on Telus’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.23 billion and a net profit of $288 million. In comparison, last year the company earned a revenue of $5.08 billion and had a net profit of $880 million
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Telus (TU) Company Description:
TELUS Corporation is a telecommunications company that provides a broad range of telecommunications products and services in Canada. It offers wireless, wireline, Internet, communications services for voice and data to consumers and businesses. The company also provides entertainment, healthcare, video, and IPTV television services in the country.
