Friday, December 14, 2012

Chart of the Day - Telus Corp (TU)

The "Chart of the Day" is Telus Corp (TU), which showed up on Wednesday's Barchart "All-Time High" list. Telus on Wednesday posted a new all-time high of $65.97 and closed +1.06%. TrendSpotter has been long since Nov 23 at $64.79. In recent news on the stock, Dejardins upgraded Telus to Buy from Hold. Telus on Nov 9 reported Q3 EPS of $1.08, slightly above the consensus of $1.07, and announced a 10.3% y/y increase in its quarterly dividend to C$0.64. Telus Corp, with a market cap of $21 billion, is the largest telecommunications company in Western Canada and the second largest in the country.

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