TELUS (TU) Forms $37.76 Double Top; Mainstay Definedterm Municipal Opportunities Fund (MMD)’s Sentiment Is 1.17

TELUS Corporation (TU) formed double top with $40.03 target or 6.00% above today’s $37.76 share price. TELUS Corporation (TU) has $22.09B valuation. The stock increased 0.11% or $0.04 during the last trading session, reaching $37.76. About 293,668 shares traded. TELUS Corporation (NYSE:TU) has risen 9.57% since January 17, 2017 and is uptrending. It has underperformed by 7.13% the S&P500.

The stock decreased 0.05% or $0.01 during the last trading session, reaching $19.8. About 41,564 shares traded. MainStay DefinedTerm Municipal Opportunities Fund (MMD) has declined 0.25% since January 17, 2017 and is downtrending. It has underperformed by 16.95% the S&P500.

Among 12 analysts covering Telus Corporation (NYSE:TU), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Telus Corporation had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, January 5 by Canaccord Genuity. Goldman Sachs initiated the shares of TU in report on Friday, December 4 with “Neutral” rating. The stock of TELUS Corporation (NYSE:TU) has “Neutral” rating given on Tuesday, November 21 by Bank of America. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 6. On Wednesday, April 5 the stock rating was upgraded by IBC to “Sector Outperform”. On Wednesday, March 23 the stock rating was downgraded by TD Securities to “Hold”. The rating was maintained by Barclays Capital on Friday, November 10 with “Overweight”. Macquarie Research upgraded the shares of TU in report on Tuesday, January 26 to “Outperform” rating. Desjardins Securities upgraded the stock to “Buy” rating in Thursday, August 11 report. National Bank Canada upgraded the stock to “Outperform” rating in Tuesday, February 7 report.

Analysts await TELUS Corporation (NYSE:TU) to report earnings on February, 8. They expect $0.44 EPS, up 10.00% or $0.04 from last year’s $0.4 per share. TU’s profit will be $257.44M for 21.45 P/E if the $0.44 EPS becomes a reality. After $0.52 actual EPS reported by TELUS Corporation for the previous quarter, Wall Street now forecasts -15.38% negative EPS growth.

Summit Financial Wealth Advisors Llc holds 0.19% of its portfolio in MainStay DefinedTerm Municipal Opportunities Fund for 26,550 shares. Usca Ria Llc owns 73,206 shares or 0.19% of their US portfolio. Moreover, Regal Investment Advisors Llc has 0.11% invested in the company for 23,447 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.09% in the stock. Advisory Services Network Llc, a Georgia-based fund reported 28,000 shares.