With over 2.85 million TELUS Corporation (TU) shares trading Monday and a closing price of $19.35 on the day, the dollar volume was approximately $55.14 million. The shares have shown a negative half year performance of -14.04% and its price on 03/13/23 gained nearly 1.20%. Currently, there are 1.43B common shares owned by the public and among those 1.42B shares have been available to trade.
The analysts have set the share’s price value over the next 12 months at a high of $24.72 and a low of $20.87. The average price target is 17.38% above its recent price level and an upside to the estimated low will see the stock gain 7.28% over that period. But an upside of 21.72% will see the stock hit the forecast high price target while median target price for the stock is $23.79.
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The top 3 mutual fund holders in TELUS Corporation are RBC Canadian Dividend Fund, Imperial Canadian Dividend Income, and Scotia Canadian Dividend Fund. RBC Canadian Dividend Fund owns 16.41 million shares of the company’s stock, all valued at over $326.16 million. The company sold 18100.0 shares recently to bring their total holdings to about 1.16% of the shares outstanding. Imperial Canadian Dividend Income sold -0.14 million shares to see its total holdings shrink to 10.92 million shares valued at over $217.0 million and representing 0.77% of the shares outstanding. Scotia Canadian Dividend Fund sold -0.16 million shares to bring its total holdings to over 9.84 million shares at a value of $195.56 million. Scotia Canadian Dividend Fund now owns shares totaling to 0.69% of the shares outstanding.
Shares of TELUS Corporation (NYSE: TU) opened at $19.05, down -$0.07 from a prior closing price of $19.12. However, the script later moved the day high at 19.40, up 1.20%. The company’s stock has a 5-day price change of -4.07% and -6.57% over the past three months. TU shares are trading 0.21% year to date (YTD), with the 12-month market performance down to -25.66% lower. It has a 12-month low price of $18.85 and touched a high of $27.50 over the same period. TU has an average intraday trading volume of 1.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.53%, -5.34%, and -10.13% respectively.
Institutional ownership of TELUS Corporation (NYSE: TU) shares accounts for 56.99% of the company’s 1.43B shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $27.85B and a beta (3y monthly) value of 0.77. The stock’s trailing 12-month PE ratio is 23.17, while the earnings-per-share (ttm) stands at $0.83. The company has a PEG of 1.70 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 1.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.72% over the week and 1.55% over the month.
Analysts forecast that TELUS Corporation (TU) will achieve an EPS of $0.25 for the current quarter, $0.25 for the next quarter and $1.17 for 2024. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.26. Comparatively, EPS for the current quarter was $0.23 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.00%, and 22.01% over the next financial year. EPS should grow at an annualized rate of 13.62% over the next five years, compared to -2.60% over the past 5-year period.
Barclays coverage for the TELUS Corporation (TU) stock in a research note released on May 10, 2022 offered a Equal Weight rating with a price target of $26. CIBC on their part issued Sector Outperform rating on March 31, 2021.
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