Is Telus Corp (TU) Stock About to Get Hot Friday?

Overall market sentiment has been high on Telus Corp (TU) stock lately. TU receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Telus Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TU!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TU Stock Today?

Telus Corp (TU) stock is trading at $18.45 as of 11:21 AM on Friday, Dec 1, a rise of $0.54, or 3.02% from the previous closing price of $17.91. The stock has traded between $17.93 and $18.45 so far today. Volume today is less active than usual. So far 627,325 shares have traded compared to average volume of 1,716,004 shares. To screen for more stocks like Telus Corp click here.

More About Telus Corp

Telus is one of the Big Three wireless service providers in Canada, with its 9 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. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers. Telus' other businesses participate in the international business services, health, security, and agriculture industries. Click Here to get the full Stock Report for Telus Corp stock.