Telus Corp. (NYSE: TU) is -2.64% lower on its value in year-to-date trading and has touched a low of $15.47 and a high of $21.34 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TU stock was last observed hovering at around $17.56 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $17.32, the stock is -1.44% and -2.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.32 million and changing -1.37% at the moment leaves the stock -3.00% off its SMA200. TU registered -12.92% loss for a year compared to 6-month gain of -1.37%. The firm has a 50-day simple moving average (SMA 50) of $2.27 and a 200-day simple moving average (SMA200) of $7.05.
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The stock witnessed a -4.42% loss in the last 1 month and extending the period to 3 months gives it a -3.29%, and is -1.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.41% over the week and 1.96% over the month.
Telus Corp. (TU) has around 106400 employees, a market worth around $25.42B and $14.82B in sales. Current P/E ratio is 40.51 and Fwd P/E is 19.24. Profit margin for the company is 4.20%. Distance from 52-week low is 11.96% and -18.84% from its 52-week high. The company has generated returns on investments over the last 12 months (2.08%).
Telus Corp. quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $3.73B over the same period.The EPS is expected to grow by 10.03% this year, but quarterly earnings will post 3.50% year-over-year. Quarterly sales are estimated to shrink -0.30% in year-over-year returns.
Telus Corp. (TU) Top Institutional Holders
579 institutions hold shares in Telus Corp. (TU), with institutional investors hold 56.56% of the company’s shares. The shares outstanding are 1.47B, and float is at 1.47B with Short Float at 1.08%. Institutions hold 56.55% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 162.51 million shares valued at $3.16 billion. The investor’s holdings represent 11.17% of the TU Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of Montreal/Can/ with 67.54 million shares valued at $1.31 billion to account for 4.64% of the shares outstanding. The other top investors are Mackenzie Financial Corporation which holds 64.91 million shares representing 4.46% and valued at over $1.26 billion, while TD Asset Management, Inc holds 2.38% of the shares totaling 34.56 million with a market value of $672.56 million.
Telus Corp. (TU) Insider Activity
A total of 4 insider transactions have happened at Telus Corp. (TU) in the last six months, with sales accounting for 0 and purchases happening 4 times.
Telus Corp. (TU): Who are the competitors?
The company’s main competitors (and peers) include B Communications Ltd. (BCOMF) that is trading -21.28% down over the past 12 months. AT&T Inc. (T) that is -10.50% lower over the same period.
