Taking this into account, A number of analysts have revised their coverage, including National Bank Financial’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Sector perform”. Scotiabank also remained covering TU and has increased its forecast on October 28, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. Scotiabank revised its rating on March 25, 2024. It rated TU as “a Sector perform” which previously was an “a Sector outperform”.
Price Performance Review of TU
On Tuesday, Telus Corp [NYSE:TU] saw its stock jump 0.29% to $13.96. Over the last five days, the stock has gained 3.79%. Telus Corp shares have risen nearly 2.95% since the year began. Nevertheless, the stocks have fallen -22.10% over the past one year. While a 52-week high of $18.55 was reached on 01/07/25, a 52-week low of $13.24 was recorded on 01/02/25. SMA at 50 days reached $15.00, while 200 days put it at $15.85.
Levels Of Support And Resistance For TU Stock
The 24-hour chart illustrates a support level at 13.89, which if violated will result in even more drops to 13.82. On the upside, there is a resistance level at 14.09. A further resistance level may holdings at 14.22. The Relative Strength Index (RSI) on the 14-day chart is 39.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.55%. Stochastics %K at 49.86% indicates the stock is a holding.
How much short interest is there in Telus Corp?
A steep rise in short interest was recorded in Telus Corp stocks on 2024-12-13, growing by 3.84 million shares to a total of 38.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 34.23 million shares. There was a rise of 10.09%, which implies that there is a positive sentiment for the stock.
