Telus Corp. (NYSE: TU): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that TELUS report reveals majority of Canadians want regulation and ethics to guide the future of AI.

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Stocks Info

TU belongs to the Communication Services sector of the NYSE while operating in the Telecom Services industry. The current market capitalization of Telus Corp. is $26.36B. A total of 2.19 million shares were traded on the day, compared to an average of 1.98M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TU has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 1 SELLs from insiders. Insiders purchased 469,530 shares during that period but sold 1,106.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Telus Corp. pays an annual dividend of $1.08, resulting in a dividend yield of 5.96%, and it has a price to earnings (P/E) ratio of 44.08. TU’s most recent ex-dividend date was 12/8/2023 when it declared a $0.2710 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/7/2023. The TU stock dividend was $0.2740 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TU in the last 3 months, the mean price target is $26.78 with high estimates of $30.00 and low estimates of $24.00. In terms of 52-week highs and lows, TU has a high of $21.82 and a low of $15.47.

As of this writing, TU has an earnings estimate of $0.17 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.19 per share and a lower estimate of $0.16. The company reported an EPS of $0.14 in the last quarter, which was -12.50% lower than expectations of $0.16.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TU’s latest balance sheet shows that the firm has $723.00M in Cash & Short Term Investments as of fiscal 2021. There were $20.97B in debt and $8.27B in liabilities at the time. Its Book Value Per Share was $8.29, while its Total Shareholder’s Equity was $16.06B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TU is Buy with a score of 4.27.

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