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Research Alert: Telus Results Impacted By Strong Competition Within Wireless Industry

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TELUS reported challenging Q1 2026 results with revenue declining 0.6% to $4,989M and EPS falling to $0.09 from $0.21, missing consensus estimates of $0.22. Net income plunged 52.2% due to elevated restructuring costs of $315M. TELUS Health emerged as a standout with 11.2% revenue growth to $526M, serving as a critical diversification engine amid competitive pressures in core telecommunications. Management characterized the wireless environment as "highly promotional and irrational" with aggressive pricing tactics threatening premium brand value. The company delivered $431M in LifeWorks synergies, surpassing targets, while pursuing a $7B asset monetization program expected to fund half the fiber build costs. Net debt to EBITDA improved to 3.5x from 3.9x, progressing toward the 2027 target of 3.0x. We expect continued margin pressure from the promotional environment, though TELUS Health's growth and operational efficiency initiatives provide some offset to telecom headwinds.

NFI Group Receives New Order For 41 Buses From BC Transit

NFI Group (NFI.TO) subsidiary Alexander Dennis has received a firm order for 41 Enviro500 double-deck buses from BC Transit in British Columbia, the company said on Friday.Each Enviro500 will accommodate up to 80 seated passengers. The new buses will replace older vehicles that have reached the end of their operational life, a statement said.The order was added to NFI's firm backlog in the first quarter.NFI Group shares closed up $0.32 to $21.51 on Thursday on the Toronto Stock Exchange.

$NFI.TO

Morgan Stanley Downgrades enGene Holdings to Equalweight From Overweight

enGene Holdings (ENGN) has an average rating of overweight and mean price target of $11.05, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BlackBerry Says This Represents Approximately 4.58% of Outstanding Public Float As At Close of Business on April 30, 2026

$BB.TO

BlackBerry's Renewed Program Allows For Repurchase of Up to 26,785,714 of Its Common Shares

$BB.TO

Wells Fargo Downgrades enGene Holdings to Equalweight From Overweight

enGene (ENGN) has an average rating of overweight and mean price target of $11.05, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Oppenheimer Downgrades enGene Holdings to Market Perform From Outperform

Asia55d ago

Zephirin Adjusts Tencent Holdings' Price Target to HK$420 from HK$480, Keeps at Strong Sell

Tencent Holdings (HKG:0700) has an average rating of buy and mean price target of HK$734.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

HKG:0700

Research Alert: Telus Results Impacted By Strong Competition Within Wireless Industry

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TELUS reported challenging Q1 2026 results with revenue declining 0.6% to $4,989M and EPS falling to $0.09 from $0.21, missing the consensus of $0.22. Earnings declined due to elevated restructuring costs of $315M versus $97M in the prior year and 12.2% equipment revenue drop amid competitive pressures. TELUS Health emerged as the standout with 11.2% growth to $526M, demonstrating strategic diversification value beyond core telecom. Management characterized the wireless environment as "highly promotional and irrational" with aggressive pricing threatening premium brand value. We expect continued margin pressure as competitor price emulation commoditizes benefits and undermines value creation. However, we believe TELUS Health's performance and operational synergies, including $431M in delivered LifeWorks synergies, provide some offset. Net debt to EBITDA improved to 3.5x from 3.9x, progressing toward the 2027 target of approximately 3.0x.

$TU

Equities55d ago

Alpha Metallurgical Resources Q1 Loss Narrows, Revenue Falls

Alpha Metallurgical Resources (AMR) reported Friday that it narrowed its Q1 loss to $0.86 per diluted share, compared with a loss of $2.60 a year earlier.Four analysts polled by FactSet expected $0.37.Revenue for the quarter ended March 31 was $525.0 million, compared with $532.0 million a year earlier.Four analysts surveyed by FactSet expected $535.2 million.

$AMR

BlackBerry Announcing Renewal of Normal Course Issuer Bid Share Buyback Program

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Citizens Downgrades enGene to Market Perform From Market Outperform

Piper Sandler Downgrades enGene Holdings to Neutral From Overweight, Adjusts Price Target to $4 From $7

Aritzia Price Target Raised to $193 at RBC

RBC Capital Markets raised its price target on Artizia Inc. (ATZ.TO) to $193 from $175.Analyst Irene Nattel maintained an Outperform rating on shares of the Vancouver-based women's fashion retailer following its quarterly results on Thursday.The stock declined $6.09, or 4.1%, to $142 on the Toronto Stock Exchange yesterday."ATZ delivered another quarter of strong and meaningfully above forecast Q4 results, despite tougher prior year comps as existing customer loyalty is augmented by successful new customer acquisition via strong product, effective marketing, geographic expansion and accelerating digital growth with the launch of the mobile app late in Q2," Nattel said in a note to clients.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ATZ.TO

Trans Canada Gold Closes Final Tranche of Private Placement to Advance Drilling at Harrison Lake Project

Trans Canada Gold (TTG.V) has closed the second and final tranche of a private placement to advance drilling at the Harrison Lake gold property in British Columbia, the company said Friday.The company placed a total of 100,000 non-flow through units at $0.15 per unit for $15,000 in proceeds.Trans Canada Gold raised a total of $869,711 in the offering that comprised 3,616,663 non-flow through units at $0.15 each and 1,817,839 flow through units priced at $0.18 apiece.Each non-flow through unit consists of one common share and one common share purchase warrant. Each non-flow through warrant can be exercised at $0.30 per share for three years.Each flow-through unit consists of one share and one-half of a a common share purchase warrant. Each flow-through warrant is exercisable at $0.30 per share for two years.The company plans to use the funds for due diligence and other costs related to the acquisition of the Harrison Lake project. It will also use the proceeds to fund initial acquisition costs payable to Bear Mountain Gold Mines under an option agreement over the property.

$TTG.V

Roth Capital Partners Downgrades Assured Guaranty to Neutral From Buy, Adjusts Price Target to $80 From $110

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TD Cowen Downgrades Carlyle to Hold From Buy, Adjusts Price Target to $53 From $54

Carlyle (CG) has an average rating of overweight and mean price target of $61.81, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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