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)
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