01:00 AM EDT, 05/13/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price at US$20, 26.3x our '24 EPS, a premium to its three-year forward average P/E multiple at 22.2x, reflecting recent results. We keep our '24 EPS estimate at C$1.04 and trim '25's by C$0.05 to C$1.17. TU reported Q1 operating EPS of C$0.26 vs. C$0.27, C$0.02 above the consensus. Q1 revenue fell 0.6%, driven by a 9.8% drop in the DLCX segment, due to lower revenue from a leading social media client and a reduction in revenue in the ecommerce and fintech verticals, partially offset by 0.4% growth in the Technology Solutions segment, driven by 2.9% growth in mobile networks revenue, on growth in mobile phone and connected device subscribers and roaming revenue and a 2.7% increase in fixed data services. Q1 net phone losses were 2k, while average revenue per user fell 1.8% to $59.31.