NEW YORK (

TheStreet

) --

Telus Corporation

(NYSE:

TU

) hit a new 52-week high Thursday as it traded at $48.66 compared with its previous 52-Week high of $48.64. Telus is changing hands at $48.66 with 6,498 shares traded as of 9:32 a.m. ET. Average volume has been 96,300 shares over the past 30 days.

Telus has a market cap of $7.1 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 10.6% year to date as of the close of trading on Wednesday.

TELUS Corporation provides telecommunications products and services primarily in Canada. The company operates through two segments, Wireless and Wireline. The Wireless segment provides digital personal communications, equipment sales, and wireless Internet services. The company has a P/E ratio of 14.9, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Telus as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full

Telus Ratings Report

.

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