While this happened, BofA Securities downgraded its Telus Corp [TU] rating to a Neutral from a a Buy in a research note published recently. National Bank Financial also remained covering TU and has decreased its forecast on December 13, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Scotiabank revised its rating on October 28, 2024. It rated TU as “a Sector outperform” which previously was an “a Sector perform”.
Price Performance Review of TU
On Monday, Telus Corp [NYSE:TU] saw its stock jump 0.87% to $15.14. Over the last five days, the stock has gained 3.84%. Telus Corp shares have risen nearly 11.65% since the year began. Nevertheless, the stocks have fallen -3.93% over the past one year. While a 52-week high of $17.26 was reached on 03/10/25, a 52-week low of $13.24 was recorded on 01/02/25. SMA at 50 days reached $14.87, while 200 days put it at $15.37.
Levels Of Support And Resistance For TU Stock
The 24-hour chart illustrates a support level at 15.04, which if violated will result in even more drops to 14.93. On the upside, there is a resistance level at 15.21. A further resistance level may holdings at 15.27. The Relative Strength Index (RSI) on the 14-day chart is 59.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.92%. Stochastics %K at 97.06% indicates the stock is a selling.
How much short interest is there in Telus Corp?
A steep rise in short interest was recorded in Telus Corp stocks on 2025-03-31, dropping by -4.0 million shares to a total of 35.11 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 39.11 million shares. There was a decline of -11.39%, which implies that there is a negative sentiment for the stock.
