Telus Corp (NYSE:TU) shares, rose in value on Wednesday, January 22, with the stock price up by 0.50% to the previous day’s close as strong demand from buyers drove the stock to $14.14.
Actively observing the price movement in the last trading, the stock closed the session at $14.07, falling within a range of $13.96 and $14.2. The value of beta (5-year monthly) was 0.722 whereas the PE ratio was 30.94 over 12-month period. Referring to stock’s 52-week performance, its high was $18.55, and the low was $13.24. On the whole, TU has fluctuated by 1.95% over the past month.
With the market capitalization of Telus Corp currently standing at about $21.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.13, with its dividend yield at 8.01%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.23B, with a low estimate of 5.15B and a high estimate of 5.32B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.24B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.89, with the price of TU currently trading nearly 2.70% and -3.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.92, while the 7-day volatility ratio is showing 1.61% which for the 30-day chart, stands at 1.77%. Furthermore, Telus Corp (TU)’s beta value is 0.77, and its average true range (ATR) is 0.26.
A comparison of Telus Corp (TU) with its peers suggests the former has fared considerably weaker in the market. TU showed an intraday change of 0.50% in last session, and over the past year, it shrunk by -22.86%%.
Data on historical trading for Telus Corp (NYSE:TU) indicates that the trading volumes over the past 10 days have averaged 3.78 and over the past 3 months, they’ve averaged 3.38 million. According to company’s latest data on outstanding shares, there are 1.50 billion shares outstanding.
Nearly 0.14% of Telus Corp’s shares belong to company insiders and institutional investors own 56.83% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 40.08 million shares as on 2024-12-31, resulting in a short ratio of 10.77. The stock has risen by 4.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TU stock heading into the next quarter.
