The stock of TELUS Corporation (TSE:T) gapped up by $0.01 today and has $53.60 target or 25.00% above today’s $42.88 share price. The 7 months technical chart setup indicates low risk for the $25.04 billion company. The gap was reported on Nov, 7 by Barchart.com. If the $53.60 price target is reached, the company will be worth $6.26 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 271,665 shares traded hands. TELUS Corporation (TSE:T) has risen 0.64% since April 1, 2016 and is uptrending. It has underperformed by 1.32% the S&P500.
TELUS Corporation (TSE:T) Ratings Coverage
Out of 5 analysts covering Telus (TSE:T), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $48 is the highest target while $35 is the lowest. The $43.55 average target is 1.56% above today’s ($42.88) stock price. Telus has been the topic of 21 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, August 10 by Canaccord Genuity. As per Monday, August 10, the company rating was maintained by TD Securities. Canaccord Genuity downgraded the stock to “Hold” rating in Friday, February 12 report. As per Monday, August 10, the company rating was maintained by JP Morgan.
More important recent TELUS Corporation (TSE:T) news were published by: Fool.ca which released: “Dividend-Growth Investors: Telus Corporation Raises its Dividend. Is it Time …” on November 07, 2016, also Fool.ca published article titled: “Telus Corporation Can Provide Both Dividend Income and Growth Prospects”, Fool.ca published: “3 Reasons to Be Bearish on Telus Corporation” on October 28, 2016. More interesting news about TELUS Corporation (TSE:T) was released by: Nasdaq.com and their article: “TELUS Corporation Reveals 4% Retreat In Q3 Bottom Line” with publication date: November 04, 2016.
TELUS Corporation is a telecommunications company. The company has a market cap of $25.04 billion. The Firm provides a range of telecommunications services and products, including wireless and wireline voice and data. It has a 18.03 P/E ratio. The Company’s data services include Internet protocol, television (TV), hosting, managed information technology and cloud services, and certain healthcare solutions.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.