November 18, 2016 - By Marie Mckinney · 0 Comments
The stock of Telus Corporation (NYSE:TU) registered a decrease of 24.23% in short interest. TU’s total short interest was 5.20 million shares in November as published by FINRA. Its down 24.23% from 6.86 million shares, reported previously. With 185,000 shares average volume, it will take short sellers 28 days to cover their TU’s short positions. The short interest to Telus Corporation’s float is 0.88%. About 24,255 shares traded hands. TELUS Corporation (USA) (NYSE:TU) has declined 2.23% since April 18, 2016 and is downtrending. It has underperformed by 6.66% the S&P500.
TELUS Corporation is a telecommunications company. The company has a market cap of $18.47 billion. The Firm provides a range of telecommunications services and products, including wireless and wireline voice and data. It has a 17.75 P/E ratio. The Company’s data services include Internet protocol, television (TV), hosting, managed information technology and cloud services, and certain healthcare solutions.
Out of 7 analysts covering Telus Corporation (NYSE:TU), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Telus Corporation has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of TELUS Corporation (USA) (NYSE:TU) has “Sector Perform” rating given on Thursday, December 17 by RBC Capital Markets. Canaccord Genuity downgraded the stock to “Buy” rating in Monday, August 10 report. The company was maintained on Monday, August 10 by RBC Capital Markets. The firm earned “Outperform” rating on Tuesday, January 26 by Macquarie Research. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. On Thursday, August 11 the stock rating was upgraded by Desjardins Securities to “Buy”. As per Wednesday, March 23, the company rating was downgraded by TD Securities. On Friday, December 4 the stock rating was initiated by Goldman Sachs with “Neutral”.
TELUS Corporation (TELUS), incorporated on October 26, 1998, is a telecommunications company. The Firm provides a range of telecommunications services and products, including wireless and wireline voice and data. The Company’s data services include Internet protocol, television (TV), hosting, managed information technology and cloud services, and certain healthcare solutions. The Firm operates through two business divisions: Wireless segment and Wireline segment. The Firm offers business services, including healthcare, across wireless and wireline are supported through TELUS sales representatives, product specialists, independent dealers and online self-serve applications for small and medium-sized businesses (SMBs). The Company’s business process outsourcing services are supported through sales representatives and client relationship management teams. The Company’s brands and distribution channels include Koodo Mobile, which is a well-known provider of postpaid and prepaid wireless voice and data services with a distribution network, including TELUS-owned stores, dealers and third-party electronics retailers; Public Mobile, which is a Web distribution channel that provides prepaid wireless service, as well as provides clients with a subscriber identity module (SIM)-only service and Optik TV brand.
More notable recent TELUS Corporation (USA) (NYSE:TU) news were published by: Fool.ca which released: “Become a TFSA Millionaire With Bank of Montreal and Telus Corporation” on November 18, 2016, also Fool.ca with their article: “Dividend-Growth Investors: Telus Corporation Raises its Dividend. Is it Time …” published on November 07, 2016, Fool.ca published: “Why Telus Corporation Is a Great Investment for the Future” on September 26, 2016. More interesting news about TELUS Corporation (USA) (NYSE:TU) were released by: Fool.ca and their article: “Is Telus Corporation Canada’s Finest Dividend Stock?” published on September 28, 2016 as well as Fool.ca‘s news article titled: “Dividend Investors: Should You Buy TransCanada Corporation or Telus Corporation?” with publication date: November 08, 2016.
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By Marie Mckinney