5 Oversold Canadian Stocks To Buy

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In this piece, we will take a look at five oversold Canadian stocks to buy. If you want to read our introduction to the Canadian economy and the stock market, then take a look at 10 Oversold Canadian Stocks To Buy.

5. TELUS Corporation (NYSE:TU)

Latest 14 Day RSI Score: 25.34

TELUS Corporation (NYSE:TU) provides telecommunications hardware and software products in Canada. The stock is down 10% year to date. However, TELUS Corporation (NYSE:TU) did beat analyst EPS estimates during Q1 and the shares are rated Strong Buy on average.

As of Q1 2023 end, 14 of the 943 hedge funds part of Insider Monkey’s database had invested in TELUS Corporation (NYSE:TU). Out of these, the firm’s largest shareholder is Ken Griffin’s Citadel Investment Group with a stake that is worth $35 million.

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