TELUS Co. (NYSE:TU) declared a quarterly dividend and saw changes in major institutional holdings.
Stock AI’s forecasts:
🟢 +2.4% short-term ⬆️
🟢 +3.1% long-term ⬆️
Stock AI’s (TU) Forecast get (+10.4% Profit)
StockAI’s analysis delivers real-world results. On 29 January 2024, $TU ($18.3), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $16.4 (🔴-10.4%). Selling TU on this signal yielded a +10.4% profit 💰💰.
TU-TELUS Corporation News
🟢 TELUS Co. declared a quarterly dividend, boosting investor confidence in the company’s stability and potential for returns.
🔴 EverSource Wealth Advisors LLC lowered its stake in TELUS Co., potentially indicating a lack of confidence in the company’s future performance.
🔴 Balentine LLC increased its position in TELUS Co., potentially signaling optimism in the company’s growth prospects.
🔴 Vanguard Personalized Indexing Management LLC decreased its holdings in TELUS Co., possibly reflecting concerns about the company’s future outlook.
🔴 Massachusetts Financial Services Co. MA reduced its holdings in TELUS Co., suggesting a lack of confidence in the company’s performance.
🔴 Kestra Private Wealth Services LLC raised its holdings in TELUS Co., indicating a positive outlook on the company’s potential for growth.
The recent news surrounding TELUS Co. stock has been a mix of positive and negative developments. The declaration of a quarterly dividend is a positive sign for investors, as it demonstrates the company’s commitment to returning value to shareholders. However, the decrease in holdings by some wealth management firms may raise concerns about the company’s future performance.
Overall, the impact of these news events on the stock price of TELUS Co. is uncertain. The positive news of the dividend declaration may lead to a short-term increase in the stock price, while the negative news of reduced holdings by some firms could potentially put downward pressure on the stock. Investors should closely monitor future developments and consider the overall financial health and growth prospects of the company before making investment decisions.
TU-TELUS Corporation Analyst Ratings
📉 National Bank Financial analyst A. Shine lowered their earnings per share estimates for TELUS Corporation stock.
📈 Cormark analyst D. Mcfadgen raised their earnings per share estimates for TELUS Corporation stock.
📉 EverSource Wealth Advisors LLC decreased their stake in TELUS Corporation stock.
Sources:
1. National Bank Financial analyst lowers earnings estimates for TELUS Co.
2. Cormark analyst raises earnings estimates for TELUS Co.
3. EverSource Wealth Advisors LLC lowers stock holdings in TELUS Co.
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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