Telus Corp. [TU] stock is trading at $16.23, up 1.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TU shares have gain 2.14% over the last week, with a monthly amount drifted -8.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Telus Corp. [NYSE: TU] stock has seen the most recent analyst activity on March 25, 2024, when Scotiabank downgraded its rating to a Sector Perform. Previously, JP Morgan downgraded its rating to Neutral on January 04, 2024. On June 17, 2022, upgrade upgraded it’s rating to Buy. Barclays downgraded its rating to a Equal Weight but stick to its price target of $26 on May 10, 2022. JP Morgan upgraded its rating to a Overweight. Morgan Stanley downgraded its rating to Equal-Weight for this stock on July 16, 2021. In a note dated March 31, 2021, CIBC upgraded an Sector Outperform rating on this stock.
Telus Corp. [TU] stock has fluctuated between $15.47 and $21.34 over the past year. Currently, Wall Street analysts expect the stock to reach $23.14 within the next 12 months. Telus Corp. [NYSE: TU] shares were valued at $16.23 at the most recent close of the market. An investor can expect a potential return of 42.58% based on the average TU price forecast.
Analyzing the TU fundamentals
Telus Corp. [NYSE:TU] reported sales of 14.82B for the trailing twelve months, which represents a growth of 2.32%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.03 points at the first support level, and at 15.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.34, and for the 2nd resistance point, it is at 16.45.
Telus Corp. [TU] reported earnings per share of $0.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.01 and a surprise factor of 5.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.19 per share as compared to estimates of $0.18 per share, a difference of $0.01 representing a surprise of 5.60%.
Ratios To Look Out For
For context, Telus Corp.’s Current Ratio is 0.67. Further, the Quick Ratio stands at 0.62, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 1.95 and price to earnings (TTM) ratio is 37.96.
