Telus Corp. (TU) concluded trading on 12/28/23 at a closing price of $17.83, with 6.44 million shares of worth about $114.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.81% during that period and on Thursday the price saw a gain of about 0.62%. Currently the company’s common shares owned by public are about 1.46B shares, out of which, 1.45B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 19 analysts are covering the TU stock and their offered price forecasts bring an average price target of $27.03. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $30.00 and could fall to a lowest price of $24.00. The stock’s current price level is 10.49% above of average price target set by the analysts, while a rise to estimated low would result in gain of 25.71% for the stock. However, touching the estimated high of $30.00 would mean a gain of 40.57% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 479,336 shares in 35 of the transactions. In 1 selling transactions, insiders dumped 1,106 shares.
RBC Canadian Dividend Fund, Scotia Canadian Dividend Fund, and Manulife Dividend Income Fund are the top 3 mutual funds which are holding stakes in Telus Corp. RBC Canadian Dividend Fund is currently holding 19.58 million shares of worth totaling $350.67 million. The company recently came buying 42705.0 shares which brought its stake up to 1.35% of the company’s outstanding shares. Scotia Canadian Dividend Fund bought 0.64 million shares, after which its hold over company’s outstanding shares expand to 0.78%, leaving 11.39 million shares with the mutual fund that have a worth of about $204.05 million. Manulife Dividend Income Fund, after selling 10.26 million shares, have now control over 0.71% of the stake in the company. It holds -1.48 million shares of worth $183.71 million.
Telus Corp. (NYSE: TU) started trading at $17.71, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 17.86, or with a gain of 0.62%. Stock saw a price change of 1.71% in past 5 days and over the past one month there was a price change of 0.56%. Year-to-date (YTD), TU shares are showing a performance of -7.66% which decreased to -9.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.47 but also hit the highest price of $21.82 during that period. The average intraday trading volume for Telus Corp. shares is 1.88 million. The stock is currently trading -1.56% below its 20-day simple moving average (SMA20), while that difference is up 2.11% for SMA50 and it goes to -3.35% lower than SMA200.
Telus Corp. (NYSE: TU) currently have 1.46B outstanding shares and institutions hold larger chunk of about 57.93% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $25.94B and its 3Y-monthly beta is at 0.76. PE ratio of stock for trailing 12 months is 43.37, while it has posted earnings per share of $0.41 in the same period. Its PEG reads 7.44 and has Quick Ratio of 0.61 while making debt-to-equity ratio of 1.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TU, volatility over the week remained 1.44% while standing at 1.96% over the month.
Analysts are in expectations that Telus Corp. (TU) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is $0.21 and it is $0.84 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -21.93% while it is estimated to increase by 14.87% in next year. EPS is likely to grow at an annualized rate of 5.83% for next 5-years, compared to annual growth of -2.58% made by the stock over the past 5-years.
Analysts at 19 brokerage firms have issued recommendations for the Telus Corp. (TU)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.53. Out of those 19 Wall Street analysts, 13 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
