0858 ET - Telus' 3Q may not be perfect, but it does stand out compared to peers who have performed far worse, according to TD Cowen in a note. Analyst Vince Valentini says bears will point to weak wireless average revenue-per-unit and service revenue trends as well as a slight reduction in revenue guidance among other things, but he says EBITDA and free cash flow guidance remained intact and the dividend increased again. "When we stand back and look at these results both relative to peers, and relative to low investor expectations, we see the potential for a meaningful relief rally," the analyst says. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
November 08, 2024 08:58 ET (13:58 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。