At the last check on Friday, TELUS Corporation’s (NYSE:TU) stock was up $0.1, moving up 0.57 percent to $17.66. The average number of shares traded per day over the past five days has been 1,240,472 shares. 3 times new highs have been achieved over the past 5 days, with a $0.48 gain in that time frame. In the last twenty days, the average volume was 1,337,178, while in the previous 50 days, it was 1,733,467.
Since last month, TU stock rose 2.20%. Shares of the company fell to $16.68 on 08/04/23, the lowest level in the past month. A 52-week high of $22.94 was reached on 02/02/23 after having rallying from a 52-week low of $16.68. Since the beginning of this year, TU’s stock price has dropped by -8.54% or -$1.65, and marked a new high 10 times. However, the stock has declined by -23.02% since its 52-week high.
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Valuation Metrics
Right now, TELUS Corporation (TU) has a P/E ratio of about 29.00. The stock’s beta is 0.75. Besides these, the trailing price-to-sales (P/S) ratio of 1.74, the price-to-book (PB) ratio of 2.11.
The latest dividend of $0.2740 per share was paid out, which is 2.24% more than last year’s $0.2680.
Financial Health
In the three months ended June 29, TELUS Corporation’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.39, and the total debt-to-equity ratio was 1.66. On the profitability front, the trailing twelve-month gross margin is 62.60% percent. In the year ended June 29, EBITDA margin amounted to 35.58%, whereas operating margins totaled 13.60%. Based on annual data, TU earned $2.27 billion in gross profit and brought in $14.07 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.60%. Return on equity (ROE) for the past 12 months was 7.10%.
In TELUS Corporation’s quarter-end financial report for June 29, it reported total debt of $565.31 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TU’s revenue rose 100.0% to $11.01 billion during the quarter, while net income inched up to $2.76 billion. While analysts expected TELUS Corporation to report $0.16 quarterly earnings, the actual figure was $0.14 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated $1.19 billion in EBITDA. The liabilities of TELUS Corporation were 28.34 billion at the end of its most recent quarter ended June 29, and its total debt was $27.29 billion.
Technical Picture
This quick technical analysis looks at TELUS Corporation’s (TU) price momentum. With a historical volatility rate of 12.75%, the RSI 9-day stood at 59.89% on 31 August.
With respect to its five-day moving average, the current TELUS Corporation price is up by +2.79% percent or $0.48. At present, TU shares trade +2.91% above its 20-day simple moving average and -15.66% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.83% below its SMA50 and -19.29% below its SMA200.
Stochastic coefficient K was 79.09% and Stochastic coefficient D was 78.95%, while ATR was 0.27. Given the Stochastic reading of 80.91% for the 14-day period, the RSI (14) reading has been calculated as 52.31%. As of today, the MACD Oscillator reading stands at 0.30, while the 14-day reading stands at 0.42.
Analyst Ratings
TD Securities upgraded its rating on TELUS Corporation (NYSE: TU) to a Buy in a note to investors on June 17, 2022. The analysts firm previously had a Hold rating on the stock.TELUS Corporation (TU) has been rated Overweight by analysts. According to 0 brokerage firms, TU is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate TELUS Corporation stock as buy, with 12 recommending it as overweight.
With a median target price of $20.21, the current consensus forecast for the stock is $19.46 – $24.50. Based on these forecasts, analysts predict TELUS Corporation (TU) will achieve an average price target of $21.03.
