Scotiabank slashes price target on Telus Corp. [TU] – find out why.


Telus Corp. [NYSE: TU] gained 0.31% or 0.05 points to close at $15.94 with a heavy trading volume of 4799130 shares. The company report on February 28, 2024 at 9:00 AM that Vevo partners with TELUS as its advertising representative in Canada.

Partnership will provide Canadian agencies and advertisers with access to Vevo’s premium ad inventory to capture music fans nationwide.

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Today, TELUS announced a new partnership with Vevo to become its direct ad sales representative nationally, enabling Vevo to bring its extensive music video content and enhanced advertising opportunities to the Canadian market. Leveraging TELUS’ extensive reach, this collaboration enables Vevo, the world’s leading music video network, to offer advertisers a vast library of premium music video content on major Connected TV (CTV) platforms and streaming services, including YouTube, Apple TV, Samsung TV Plus, Vizio, Google TV, and Roku.

The daily chart for TU points out that the company has recorded -2.45% loss over the past six months.

If we look at the average trading volume of 2.44M shares, TU reached to a volume of 4799130 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Telus Corp. [TU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TU shares is $19.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TU stock is a recommendation set at 1.94. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for Telus Corp. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on March 25, 2024. The new note on the price target was released on January 04, 2024, representing the official price target for Telus Corp. stock.

The Average True Range (ATR) for Telus Corp. is set at 0.34, with the Price to Sales ratio for TU stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 0.45. Price to Free Cash Flow for TU in the course of the last twelve months was 24.74 with Quick ratio for the last quarter at 0.62.

Trading performance analysis for TU stock

Telus Corp. [TU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.95. With this latest performance, TU shares dropped by -9.23% in over the last four-week period, additionally sinking by -2.45% over the last 6 months – not to mention a drop of -20.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TU stock in for the last two-week period is set at 34.16, with the RSI for the last a single of trading hit 33.61, and the three-weeks RSI is set at 35.97 for Telus Corp. [TU]. The present Moving Average for the last 50 days of trading for this stock 17.27, while it was recorded at 15.89 for the last single week of trading, and 17.55 for the last 200 days.

Telus Corp. [TU]: A deeper dive into fundamental analysis

Telus Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.62 and a Current Ratio set at 0.67.

Telus Corp. [TU]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Telus Corp. posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Telus Corp. go to 5.30%.

An analysis of Institutional ownership at Telus Corp. [TU]

The top three institutional holders of TU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TU stock with ownership which is approximately 5.8386%.

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