The stock of TELUS Corporation (USA) (NYSE:TU) hit a new 52-week low and has $27.91 target or 7.00% below today’s $30.01 share price. The 9 months bearish chart indicates high risk for the $18.57 billion company. The 1-year low was reported on Dec, 9 by Barchart.com. If the $27.91 price target is reached, the company will be worth $1.30B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.93% or $0.59 on December 8, hitting $30.01. About 232,514 shares traded hands or 3.09% up from the average. TELUS Corporation (USA) (NYSE:TU) has declined 14.06% since May 6, 2015 and is downtrending. It has underperformed by 13.26% the S&P500.
Out of 9 analysts covering Telus Corporation (NYSE:TU), 5 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Telus Corporation was the topic in 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Telus Corp is the largest telecommunications company in Western Canada and the second largest in the country. The company provides clients with a full range of telecommunications products and services including data, Internet Protocol, voice and TELUS Mobility wireless services across Canada.” Get a free copy of the Zacks research report on TELUS Corporation (USA) (TU).
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