TD Securities upgraded Telus (TU) to Buy from Hold with a price target of C$20, up from C$19. The firm cites valuation for the upgrade following the stock’s recent selloff. Telus is seeing higher pricing while its capital expenditures move lower, the analyst tells investors in a research note. TD sees “too many positives” heading into the company’s Q1 report on May 8 to not upgrade the shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TU:
- New Partnership with T-Mobile (TMUS) Allows Canada’s Rogers to Finally Break into the U.S.
- Telus price target lowered to C$19 from C$20 at Barclays
- Telus downgraded to Sector Perform from Outperform at Scotiabank (yesterday)
- Telus downgraded to Sector Perform from Outperform at Scotiabank
- Telus downgraded to Hold from Buy at Canaccord