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Telus (TU) Gets a Hold from Barclays
Telus (TU) Gets a Hold from Barclays

Business Insider

timea day ago

  • Business
  • Business Insider

Telus (TU) Gets a Hold from Barclays

In a report released on July 17, Lauren Bonham from Barclays maintained a Hold rating on Telus, with a price target of $15.00. The company's shares closed yesterday at $16.24. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Bonham is an analyst with an average return of -18.2% and a 0.00% success rate. Bonham covers the Communication Services sector, focusing on stocks such as BCE, Rogers Communication, and Telus. In addition to Barclays, Telus also received a Hold from Canaccord Genuity's Aravinda Galappatthige in a report issued on July 9. However, on July 15, Scotiabank maintained a Buy rating on Telus (NYSE: TU). TU market cap is currently $24.99B and has a P/E ratio of 28.80. Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TU in relation to earlier this year.

Ontario construction business, communications tower latest targets of copper theft
Ontario construction business, communications tower latest targets of copper theft

Global News

time2 days ago

  • Global News

Ontario construction business, communications tower latest targets of copper theft

The Ontario Provincial Police say a local construction business and a communications tower are the latest sites to be targeted for copper thefts. Police said there was a 'significant theft of copper wire' from a construction yard in Temiskaming Shores, just north of Sudbury. Officers responded to the yard on July 11 but police said the theft happened sometime between July 6 and 11. Police found a substantial quantity of copper wire was removed from heavy machinery that was stored at the back of the construction yard, including multiple rock crushers and conveyors. The value of the stolen materials is estimated to be more than $40,000, police said. However, police noted the total loss is expected to be higher once repair costs and machinery downtime are factored in. Story continues below advertisement Meanwhile, police are also looking into two separate incidents of copper theft from a communications tower in Corbeil, just outside of North Bay, early on July 14 and on July 16. Police said the tower is situated within a fenced compound secured with padlocks and chains. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'Upon inspection, the enclosure was found unsecured, and the locking mechanisms were missing,' police allege. Police said the tower stands between two buildings that has cables running up from both structures and that the cables 'appear to have been cut using a power tool.' 'It is believed that the tower was then climbed and the opposite ends of the cables were also severed,' police allege. Anyone with information on either incident, including suspicious sightings or activity, is asked to contact police. In relation to the communications tower copper theft incident, police said there is a possible cash reward of up to $2,000 for information. 2:02 Rising copper wire theft frustrate Alberta utility providers, homebuilders and police Copper theft on the rise in Canada Earlier this month, four Ontario men were charged after 33 hydro poles cut down for their copper in a rural area of Ontario. Story continues below advertisement Police in Durham Region issued a warning in May about copper thefts happening from air conditioners and heat pump units in Oshawa. Police said they had received 22 reported incidents since the beginning of the year. Telecommunications companies such as Bell Canada and Telus said they have noted an increase in copper thefts. Bell Canada said copper thefts has grown at an 'astronomical rate' over the past few years in Canada and that a large portion of the thefts are happening in east end of the country. Telus reported a 58 per cent increase in 2024 from 2023 in the amount of copper thefts in Alberta. In Edmonton specifically there was a 238 per cent increase in copper thefts. Bell Canada says copper theft has grown at an astronomical rate over the past few years in Canada, with a large portion of the thefts occurring in the east end of the country.

2 people rescued after float plane crash off Lasqueti Island, B.C.
2 people rescued after float plane crash off Lasqueti Island, B.C.

Yahoo

time2 days ago

  • General
  • Yahoo

2 people rescued after float plane crash off Lasqueti Island, B.C.

Two people were safely rescued after a float plane crashed in False Bay on the west side of Lasqueti Island, B.C., Thursday morning, according to officials and a witness who assisted with the rescue. Al Bajec, owner of Lasqueti Island Hotel and Pub, was making coffee just after 9 a.m. when he says he heard the float plane coming in. The plane, which Bajec believes belongs to Telus, comes every Thursday to drop off a couple of workers on the island, which is located about 70 kilometres northwest of Vancouver. Bajec said that on Thursday, it appeared to be coming in at a lower angle, but was otherwise normal, with relatively calm waters. "When it hit the water, it just went right in the water and just flipped," he said, describing the plane flipping over its front. Bajec said he and a friend rushed down to the dock and got in his boat, while another friend who was set to go fishing was already on the water. The boat that was already on the water got to the plane first and pulled the pilot and passenger, who had already escaped the submerged plane, out of the sea. "They have no scratch or nothing. They just have a little bit of hurting on their eyes because of the gas on the water, but that's it. The rest — everything's fine. They're in good shape," said Bajec. He said he used his boat to pull the upside-down plane to the dock, where he tied it up. According to Capt. Pedram Mohyeddin with Maritime Forces Pacific, the Joint Rescue Coordination Centre in Victoria, got a report a little after 9 a.m. that a float plane had overturned. Two vessels were deployed — RCMSAR 59 based in Deep Bay on Vancouver Island and a Canadian Coast Guard Motor Life Boat based at the French Creek station in Parksville. A Cormorant helicopter was also deployed from Comox. Mohyeddin said when the crews arrived in False Bay, civilians had already rescued the two people, who were brought back to Parksville on the coast guard boat. B.C. Emergency Health Services said an air ambulance was sent to Lasqueti Island, but it ultimately wasn't required. Telus confirmed by email that an accident occurred, and that the pilot and passenger were unharmed. The company spokesperson said Telus was investigating the incident, but didn't respond to follow-up questions from CBC News to clarify whether the company owned the plane and what sort of work was being done on the island. The federal Transportation Safety Board confirmed it had been notified of the crash, but hadn't determined on Thursday whether a full investigation would be launched, saying there were no plans to deploy investigators to Lasqueti Island. Bajec said there appeared to be spilled fuel in the spot where the plane flipped, but he didn't smell it around the dock where it was tied up. He said spill equipment had been put in the water around the plane.

2 people rescued after float plane crash off Lasqueti Island, B.C.
2 people rescued after float plane crash off Lasqueti Island, B.C.

CBC

time2 days ago

  • General
  • CBC

2 people rescued after float plane crash off Lasqueti Island, B.C.

Two people were safely rescued after a float plane crashed in False Bay on the west side of Lasqueti Island, B.C., Thursday morning, according to officials and a witness who assisted with the rescue. Al Bajec, owner of Lasqueti Island Hotel and Pub, was making coffee just after 9 a.m. when he says he heard the float plane coming in. The plane, which Bajec believes belongs to Telus, comes every Thursday to drop off a couple of workers on the island, which is located about 70 kilometres northwest of Vancouver. Bajec said that on Thursday, it appeared to be coming in at a lower angle, but was otherwise normal, with relatively calm waters. "When it hit the water, it just went right in the water and just flipped," he said, describing the plane flipping over its front. Bajec said he and a friend rushed down to the dock and got in his boat, while another friend who was set to go fishing was already on the water. The boat that was already on the water got to the plane first and pulled the pilot and passenger, who had already escaped the submerged plane, out of the sea. "They have no scratch or nothing. They just have a little bit of hurting on their eyes because of the gas on the water, but that's it. The rest — everything's fine. They're in good shape," said Bajec. He said he used his boat to pull the upside-down plane to the dock, where he tied it up. According to Capt. Pedram Mohyeddin with Maritime Forces Pacific, the Joint Rescue Coordination Centre in Victoria, got a report a little after 9 a.m. that a float plane had overturned. Two vessels were deployed — RCMSAR 59 based in Deep Bay on Vancouver Island and a Canadian Coast Guard Motor Life Boat based at the French Creek station in Parksville. A Cormorant helicopter was also deployed from Comox. Mohyeddin said when the crews arrived in False Bay, civilians had already rescued the two people, who were brought back to Parksville on the coast guard boat. B.C. Emergency Health Services said an air ambulance was sent to Lasqueti Island, but it ultimately wasn't required. Telus confirmed by email that an accident occurred, and that the pilot and passenger were unharmed. The company spokesperson said Telus was investigating the incident, but didn't respond to follow-up questions from CBC News to clarify whether the company owned the plane and what sort of work was being done on the island. The federal Transportation Safety Board confirmed it had been notified of the crash, but hadn't determined on Thursday whether a full investigation would be launched, saying there were no plans to deploy investigators to Lasqueti Island. Bajec said there appeared to be spilled fuel in the spot where the plane flipped, but he didn't smell it around the dock where it was tied up. He said spill equipment had been put in the water around the plane.

Manitoba cabinet minister did not break conflict law, ethics report says
Manitoba cabinet minister did not break conflict law, ethics report says

CTV News

time3 days ago

  • Business
  • CTV News

Manitoba cabinet minister did not break conflict law, ethics report says

WINNIPEG — Manitoba's ethics commissioner has ruled Mike Moroz, the minister of innovation and new technology, did not break the province's conflict of interest law. The Opposition Progressive Conservatives had accused Moroz of being in a conflict by answering questions about a 9-1-1 service outage while owning shares in Telus. The Tories also accused Moroz of using inside information that criticized the phone company for the outage and selling company stock. In a nine-page report, ethics commissioner Jeffrey Schnoor says there is no evidence that Moroz made any government decisions involving Telus and there is no ban on cabinet ministers owning shares in publicly traded companies. Schnoor also says Moroz did not have insider information, and only had access to documents that were publicly available at the time. The Tories had said the 9-1-1 disruption in March occurred at a time when a 55-year-old man from Fisher Branch died of a heart attack, and family and friends said they were unable to get through to the emergency line. 'There is no evidence that Minister Moroz made any decision in this matter. At most, he wrote to Telus to express concern and ask for information; this cannot be characterized as a decision,' Schnoor wrote in his decision released Wednesday. Phone services are regulated federally by the Canadian Radio-television and Telecommunications Commission, not provincially, Schnoor added, and Moroz did not have inside information. 'On the contrary, his information about this matter appears to have come from media reports and publicly available documents on the CRTC's website,' Schnoor wrote. Moroz sold his 500 shares in Telus in May and garnered $10,391, incurring a loss of $1,591, the report states. This report by The Canadian Press was first published July 16, 2025 Steve Lambert, The Canadian Press

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