Why TELUS Corporation (NYSE:TU) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $33.66 on TELUS Corporation (NYSE:TU) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.04 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of TELUS Corporation (NYSE:TU) stands at 18.36.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Telus Corporation Ordinary Shar, the PEG ratio for coming 3-5 years is 4.37.

Technical Analysis

The technical analysis highlights that Telus Corporation Ordinary Shar current is trading $0.50 points away or +1.50% from its 50-day moving average of $33.32. Further it is trading $1.95 or +6.13% away its 200-day moving average of $31.87.

The 52-week high of TELUS Corporation (NYSE:TU) was $34.07 while lowest point recorded in 52-week was $24.34. It implies if stock price makes a movement of over $-0.25, it will record a new 52-week high. In the case of +38.95% drop, it will touch a new 52-week low.

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