New Buy Recommendation for This Technology Giant

Today, an analyst has provided a rating update for the Technology company, TELUS Corporation (TSX: T). Desjardins’ analyst Maher Yaghi reiterates their Buy rating on the shares, with a C$52 price target.

According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 8.2% and a 68.6% success rate. Yaghi covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and BCE Inc.

TELUS Corporation has an analyst consensus of Strong Buy, with a price target consensus of C$51.50.

Based on TELUS Corporation’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$3.36 billion and quarterly net profit of C$367 million. In comparison, last year the company earned revenue of C$3.29 billion and had a net profit of C$81 million.

TELUS Corp. operates as a telecommunications company. The comapny specializes in telecommunication services and products primarily for wireless and wireline voice and data. It operates through the Wireless and Wireline segments. The Wireless segment refers to the data and voice products for mobile technologies.

The company’s shares closed on Friday at C$47.06.

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