Telus Corp (NYSE: TU) is -12.82% lower on its value in year-to-date trading and has touched a low of $14.63 and a high of $19.14 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 $15.50 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $15.51, the stock is -0.71% and -3.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.55 million and changing 0.06% at the moment leaves the stock -4.67% off its SMA200. TU registered -12.02% loss for a year compared to 6-month loss of -6.23%. The firm has a 50-day simple moving average (SMA 50) of $16.145 and a 200-day simple moving average (SMA200) of $16.26935.
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The stock witnessed a -4.20% gain in the last 1 month and extending the period to 3 months gives it a -2.08%, and is -0.45% 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 1.83% over the week and 1.73% over the month.
Telus Corp (TU) has around 106400 employees, a market worth around $32.50B and $14.67B in sales. Current P/E ratio is 33.94 and Fwd P/E is 20.54. Profit margin for the company is 4.62%. Distance from 52-week low is 6.02% and -18.94% from its 52-week high. The company has generated returns on investments over the last 12 months (2.22%).
The EPS is expected to grow by 3.03% this year
536.0 institutions hold shares in Telus Corp (TU), with institutional investors hold 55.15% of the company’s shares. The shares outstanding are 1.50B, and float is at 1.50B with Short Float at 2.25%. Institutions hold 55.14% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 155.27 million shares valued at $2.35 billion. The investor’s holdings represent 10.5197 of the TU Shares outstanding. As of 2024-06-30, the second largest holder is BANK OF MONTREAL /CAN/ with 67.96 million shares valued at $1.08 billion to account for 4.6044 of the shares outstanding. The other top investors are MACKENZIE FINANCIAL CORP which holds 41.97 million shares representing 2.8436 and valued at over $635.45 million, while TD ASSET MANAGEMENT INC holds 2.826 of the shares totaling 41.71 million with a market value of $631.31 million.
