TELUS Stock Hits New 52-Week High (TU)

NEW YORK ( TheStreet) -- TELUS (NYSE: TU) hit a new 52-week high Wednesday as it is currently trading at $58.81, above its previous 52-week high of $58.79 with 33,701 shares traded as of 11:25 a.m. ET. Average volume has been 131,300 shares over the past 30 days.

TELUS has a market cap of $8.73 billion and is part of the technology sector and telecommunications industry. Shares are up 9.3% year to date as of the close of trading on Tuesday.

TELUS Corporation provides telecommunications products and services primarily in Canada. Its telecommunications products and services include wireless, data, Internet protocol (IP), voice, and television. The company operates through two segments, Wireless and Wireline. The company has a P/E ratio of 15.9, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates TELUS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full TELUS Ratings Report.

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