$2.04M in average volume shows that Telus Corp. (TU) is heading in the right direction

On Tuesday, Telus Corp. (NYSE: TU) opened lower -0.06% from the last session, before settling in for the closing price of $16.20. Price fluctuations for TU have ranged from $14.63 to $19.14 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 6.53%. Company’s average yearly earnings per share was noted 1.47% at the time writing. With a float of $1.49 billion, this company’s outstanding shares have now reached $1.49 billion.

Considering the fact that the conglomerate employs 106400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 38.85%, operating margin of 13.63%, and the pretax margin is 5.18%.

Telus Corp. (TU) Insider Activity

A key investor’s attitude towards the stock of the Telecom Services industry is another important factor to consider. The insider ownership of Telus Corp. is 0.13%, while institutional ownership is 56.74%.

Telus Corp. (TU) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.19 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.18) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 1.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.69% during the next five years compared to -16.12% drop over the previous five years of trading.

Telus Corp. (NYSE: TU) Trading Performance Indicators

Check out the current performance indicators for Telus Corp. (TU). In the past quarter, the stock posted a quick ratio of 0.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.64. Likewise, its price to free cash flow for the trailing twelve months is 18.47.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.39, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.77 in one year’s time.

Technical Analysis of Telus Corp. (TU)

Compared to the last year’s volume of 2.22 million, its volume of 1.72 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 61.33%. Additionally, its Average True Range was 0.20.

During the past 100 days, Telus Corp.’s (TU) raw stochastic average was set at 59.20%, which indicates a significant increase from 35.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.52% in the past 14 days, which was lower than the 15.24% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.40, while its 200-day Moving Average is $16.52. Nevertheless, the first resistance level for the watch stands at $16.25 in the near term. At $16.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.41. If the price goes on to break the first support level at $16.09, it is likely to go to the next support level at $16.00. Should the price break the second support level, the third support level stands at $15.94.

Telus Corp. (NYSE: TU) Key Stats

There are currently 1,476,000K shares outstanding in the company with a market cap of 24.16 billion. Presently, the company’s annual sales total 14,820 M according to its annual income of 623,010 K. Last quarter, the company’s sales amounted to 3,580 M and its income totaled 166,600 K.