TELUS (NYSE:TU) Shares Cross Above 50-Day Moving Average – Here’s Why

Posted by Geri Gentry on Oct 31st, 2026

TELUS Corporation (NYSE:TU – Get Free Report) (TSE:T)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $8.79 and traded as high as $8.90. TELUS shares last traded at $8.86, with a volume of 6,293,077 shares.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TU. Morgan Stanley downgraded TELUS to an “underweight” rating in a research report on Tuesday, July 21st. Zacks Research cut TELUS from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of TELUS in a research report on Thursday, October 8th. Royal Bank Of Canada lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 4th. Finally, National Bank Financial cut shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $15.00.

Read Our Latest Research Report on TELUS

TELUS Price Performance

The company’s 50 day simple moving average is $8.79 and its 200 day simple moving average is $11.34. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $14.08 billion, a PE ratio of -21.61, a PEG ratio of 20.43 and a beta of 0.65.

TELUS (NYSE:TU – Get Free Report) (TSE:T) last issued its quarterly earnings results on Friday, July 31st. The Wireless communications provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). TELUS had a positive return on equity of 8.01% and a negative net margin of 4.51%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.55 billion. On average, equities analysts anticipate that TELUS Corporation will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On TELUS

A number of hedge funds and other institutional investors have recently made changes to their positions in TU. SBI Securities Co. Ltd. increased its stake in TELUS by 79.6% in the third quarter. SBI Securities Co. Ltd. now owns 3,695 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,638 shares during the last quarter. Nykredit A S purchased a new position in TELUS during the second quarter worth about $33,000. Trust Co. of Vermont purchased a new position in TELUS during the second quarter worth about $55,000. Summit Securities Group LLC boosted its stake in TELUS by 762.5% in the 1st quarter. Summit Securities Group LLC now owns 6,900 shares of the Wireless communications provider’s stock worth $89,000 after buying an additional 6,100 shares during the last quarter. Finally, ABN Amro Investment Solutions acquired a new stake in TELUS in the 1st quarter worth about $150,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.

About TELUS

(Get Free Report)

TELUS Corporation is a Canadian communications and technology company headquartered in Vancouver, British Columbia. It provides telecommunications and digital services to consumers, businesses and public-sector organizations, primarily in Canada.

Its core offerings include wireless voice and data services, high-speed internet, television, home security and fixed-line voice services. TELUS also provides business connectivity, cloud, cybersecurity, information technology and communications solutions.