TU Stock Summary and Trading Ideas (Telus | NYSE:TU)

Telus is one of the Big Three wireless service providers in Canada, with over 10 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. Mostly because of recent acquisitions, more than 20% of Telus' sales now come from nontelecom businesses, most notably in the international business services, health, security, and agriculture industries. The firm has a 55% economic stake in Telus International.

Telus trades on the NYSE stock market under the symbol TU.

As of May 9, 2024, TU stock price climbed to $16.41 with 3,019,196 million shares trading.

TU has a beta of 0.68, meaning it tends to be less sensitive to market movements. TU has a correlation of 0.16 to the broad based SPY ETF.

TU has a market cap of $24.22 billion. This is considered a Large Cap stock.

Last quarter Telus reported $4 billion in Revenue and $.18 earnings per share. This fell short of revenue expectation by $-71 million and exceeded earnings estimates by $.01.

In the last 3 years, TU stock traded as high as $27.50 and as low as $15.35.

The top ETF exchange traded funds that TU belongs to (by Net Assets): FVD, TDIV, FLLV, FTLS, TDVI.

TU has underperformed the market in the last year with a price return of -14.4% while the SPY ETF gained +28.2%. TU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.4% and +1.9%, respectively, while the SPY returned +4.1% and +3.3%, respectively.

TU support price is $16.19 and resistance is $16.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TU stock will trade within this expected range on the day.