Can TELUS Corporation (USA) (TU)’s Tomorrow be Different? The Stock Formed a Double Top

September 17, 2017 - By Winifred Garcia

The chart of TELUS Corporation (USA) (TU) shows a double top with $37.44 target or 3.00 % above today’s $36.35 share price. The 9 months chart pattern indicates low risk for the $21.48B company. It was reported on Sep, 17 by Finviz.com. If the $37.44 price target is reached, the company will be worth $644.40M more. Double tops are rare but powerful chart patterns.

The stock increased 0.53% or $0.19 on September 15, reaching $36.35. About 414,345 shares traded or 6.12% up from the average. TELUS Corporation (USA) (NYSE:TU) has risen 9.57% since September 17, 2016 and is uptrending. It has underperformed by 7.13% the S&P500.

Investors wait TELUS Corporation (USA) (NYSE:TU) to report on November, 3. its quarterly earnings Wall Street analysts expect $0.54 EPS, up $0.04 or 8.00 % from last year’s $0.5 same quarter earnings. This translates into $319.10 million profit for TU giving the stock a 16.83 P/E. This is assuming the current $0.54 EPS is accurate. TELUS Corporation (USA)’s Wall Street analysts see 5.88 % EPS growth, taking into account the $0.51 EPS reproted in the previous quarter,

TELUS Corporation (USA) (NYSE:TU) Ratings Coverage

Among 10 analysts covering Telus Corporation (NYSE:TU), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Telus Corporation had 14 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of TELUS Corporation (USA) (NYSE:TU) earned “Hold” rating by TD Securities on Wednesday, March 23. The rating was upgraded by IBC on Wednesday, April 5 to “Sector Outperform”. National Bank Canada upgraded TELUS Corporation (USA) (NYSE:TU) on Tuesday, February 7 to “Outperform” rating. The stock of TELUS Corporation (USA) (NYSE:TU) earned “Buy” rating by Desjardins Securities on Thursday, August 11. On Thursday, December 17 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The rating was downgraded by Canaccord Genuity to “Buy” on Monday, August 10. The firm earned “Neutral” rating on Friday, December 4 by Goldman Sachs. The stock of TELUS Corporation (USA) (NYSE:TU) has “Overweight” rating given on Monday, August 14 by Barclays Capital. The stock of TELUS Corporation (USA) (NYSE:TU) has “Outperform” rating given on Monday, August 14 by BMO Capital Markets. The stock of TELUS Corporation (USA) (NYSE:TU) earned “Outperform” rating by RBC Capital Markets on Friday, November 6.

More notable recent TELUS Corporation (USA) (NYSE:TU) news were published by: Fool.ca which released: “Telus Corporation Results: Does the Miss Really Matter?” on August 18, 2017, also Fool.ca with their article: “3 Reasons Wireless Demand Can Carry Telus Corporation to New Heights” published on August 24, 2017, Fool.ca published: “Is Telus Corporation a Buy After its Q2 Earnings?” on August 15, 2017. More interesting news about TELUS Corporation (USA) (NYSE:TU) were released by: Fool.ca and their article: “Why Telus Corporation Is Down Over 1%” published on August 11, 2017 as well as Fool.ca‘s news article titled: “Telus Corporation: Trouble in Paradise?” with publication date: August 22, 2017.

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