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Telus Corp. (NYSE:TU) Stock Dropped -1.12% Year-To-Date, What Analysts Expect Next?

In recent trading session, Telus Corp. (NYSE:TU) saw 1.52 million shares changing hands at last check today with its beta currently measuring 0.75. Company’s recent per share price level of $17.59 trading at $0.53 or 3.11% at last check today assigns it a market valuation of $25.59B. That most recent trading price of TU’s stock is at a discount of -21.32% from its 52-week high price of $21.34 and is indicating a premium of 12.05% from its 52-week low price of $15.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.28 million shares which gives us an average trading volume of 2.02 million if we extend that period to 3-months.

Telus Corp. (NYSE:TU) trade information

Upright in the green today for gaining 3.11%, in the last five days TU remained trading in the red while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $17.59 price level, adding 2.17% to its value on the day. Telus Corp.’s shares saw a change of -1.12% in year-to-date performance and have moved -0.68% in past 5-day. Telus Corp. (NYSE:TU) showed a performance of -3.72% in past 30-days. Number of shares sold short was 14.85 million shares which calculate 6.22 days to cover the short interests.

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Telus Corp. (TU) estimates and forecasts

Statistics highlight that Telus Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -0.79% of value to its shares in past 6 months, showing an annual growth rate of -20.00% while that of industry is -4.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 9.90% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.89 billion for the same. And 2 analysts are in estimates of company making revenue of $3.79 billion in the next quarter that will end on Mar 2024. Company posted $3.74 billion and $3.75 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 4.00% while estimating it to be 1.20% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -2.58% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 11.31% while estimates for its earnings growth in next 5 years are of 5.50%.

TU Dividends

Telus Corp. is more likely to be releasing its next quarterly report on February 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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