TELUS Corp Share Price Surpasses Analyst Target, Signals Investment Decision
Recently, TELUS Corp (Symbol: TU) shares have moved above the average analyst 12-month target price of $15.98, trading at $15.99 per share. When a stock reaches the target set by analysts, they generally face two choices: downgrade the valuation or adjust the target price higher. Reactions from analysts may also hinge on the company’s fundamental business developments that could be driving the stock price upward. If the outlook for TELUS is positive, it may indicate a need to raise the target price.
Analyst Targets Summary
Within the Zacks coverage universe, there are 14 different analyst targets contributing to the average for TELUS Corp. This average is merely a mathematical summary, with some analysts providing lower targets; notably, one is forecasting a price of $14.00, while another sets a target as high as $18.00. The standard deviation among these targets is $1.296.
Assessing Investor Sentiment
The purpose of examining the average TU price target is to leverage the “wisdom of the crowds,” which combines insights from various analysts rather than relying on a single opinion. With TU’s share price surpassing the average target of $15.98, current investors have a meaningful signal to re-evaluate their positions. They must decide whether $15.98 is merely a milestone on the way to a higher target or whether the current valuation suggests it’s time to consider selling some holdings.
| Recent TU Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 6 | 6 |
| Buy ratings: | 2 | 2 | 2 | 3 |
| Hold ratings: | 8 | 8 | 7 | 6 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.2 | 2.2 | 2.07 | 2.0 |
The average rating specified in the last row of the table ranges from 1 to 5, with 1 representing Strong Buy and 5 representing Strong Sell. This data has been provided by Zacks Investment Research through Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of any third-party organizations.
