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telus stock rating downgraded as analysts recommend better investment options
TELUS has recently faced downgrades from several analysts, with Bank of America lowering its rating from buy to neutral and setting a price target of C$22.00. The stock currently holds a consensus rating of "Hold" among analysts, with a market capitalization of C$30.10 billion and a PE ratio of 32.43. Despite insider buying activity, the stock has seen a decline, opening at C$19.99, down 4.7%.
analysts downgrade telus stock amid mixed ratings and insider activity
TELUS has been downgraded to a "neutral" rating by Bank of America, with a revised price target of C$22.00, down from C$24.00, suggesting a potential upside of 10.39%. The stock is currently rated as "Hold" by analysts, with a consensus price target of C$22.91. Recent trading saw TELUS shares drop to C$19.93, with a 12-month range between C$19.10 and C$23.43.
canadian pension plans show stability and positive returns in latest reports
TELUS Health's latest reports indicate increased stability in Canadian pension plans, with positive returns driven by strong equity and bond markets. The Pension Indices show a rise in solvency ratios, while the Performance Universe reports a median return of 6.2% for pooled fund managers, despite a slight decline compared to benchmarks. Enhanced solvency allows pension administrators to adapt more readily to new risk management guidelines from CAPSA, promoting financial wellness and stability in the labor market.
5G technology poised to transform healthcare with rapid market growth
The 5G in Healthcare Market is projected to grow from USD 0.72 billion in 2023 to USD 59.53 billion by 2032, with a remarkable CAGR of 70.10%. This growth is driven by the integration of 5G technology in healthcare, enhancing connectivity and enabling advanced applications like telemedicine and real-time remote monitoring. Key market trends include the rising adoption of telehealth solutions and the development of smart hospitals, despite challenges such as high deployment costs.
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