In the meantime, Scotiabank upgraded its Telus Corp [TU] rating to a Sector outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in late March from “a Sector outperform” to “a Sector perform”. JP Morgan also remained covering TU and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. TD Securities revised its rating on June 17, 2022. It rated TU as “a Buy” which previously was an “a Hold”.
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Price Performance Review of TU
On Tuesday, Telus Corp [NYSE:TU] saw its stock fall -0.51% to $15.63. Over the last five days, the stock has lost -2.43%. Telus Corp shares have fallen nearly -12.14% since the year began. Nevertheless, the stocks have fallen -11.89% over the past one year. While a 52-week high of $19.14 was reached on 01/24/24, a 52-week low of $14.63 was recorded on 07/02/24. SMA at 50 days reached $16.38, while 200 days put it at $16.41.
Levels Of Support And Resistance For TU Stock
The 24-hour chart illustrates a support level at 15.55, which if violated will result in even more drops to 15.47. On the upside, there is a resistance level at 15.72. A further resistance level may holdings at 15.80. The Relative Strength Index (RSI) on the 14-day chart is 32.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.04%. Stochastics %K at 14.79% indicates the stock is a buying.
How much short interest is there in Telus Corp?
A steep rise in short interest was recorded in Telus Corp stocks on 2024-10-15, growing by 2.14 million shares to a total of 33.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 31.62 million shares. There was a rise of 6.33%, which implies that there is a positive sentiment for the stock.
