TELUS (TU) Forms $37.72 Double Top; Synovus Financial (SNV) Shorts Lowered By 12.59%

Synovus Financial Corporation (NYSE:SNV) had a decrease of 12.59% in short interest. SNV’s SI was 1.85M shares in January as released by FINRA. Its down 12.59% from 2.11M shares previously. With 595,000 avg volume, 3 days are for Synovus Financial Corporation (NYSE:SNV)’s short sellers to cover SNV’s short positions. The stock increased 0.79% or $0.4 during the last trading session, reaching $50.96. About 639,061 shares traded. Synovus Financial Corp. (NYSE:SNV) has risen 33.10% since January 13, 2017 and is uptrending. It has outperformed by 16.40% the S&P500.

TELUS Corporation (TU) formed double top with $39.23 target or 4.00% above today’s $37.72 share price. TELUS Corporation (TU) has $22.07B valuation. The stock increased 1.04% or $0.39 during the last trading session, reaching $37.72. About 522,744 shares traded or 26.49% up from the average. TELUS Corporation (NYSE:TU) has risen 9.57% since January 13, 2017 and is uptrending. It has underperformed by 7.13% 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 has “Neutral” rating by Goldman Sachs given on Friday, December 4. The firm earned “Outperform” rating on Tuesday, January 26 by Macquarie Research. The stock of TELUS Corporation (NYSE:TU) has “Buy” rating given on Thursday, August 11 by Desjardins Securities. RBC Capital Markets downgraded TELUS Corporation (NYSE:TU) on Thursday, December 17 to “Sector Perform” rating. The stock of TELUS Corporation (NYSE:TU) earned “Hold” rating by TD Securities on Wednesday, March 23. The rating was maintained by Barclays Capital with “Overweight” on Friday, November 10. RBC Capital Markets maintained it with “Outperform” rating and $47 target in Friday, November 6 report. As per Monday, August 14, the company rating was maintained by BMO Capital Markets. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 17. The stock of TELUS Corporation (NYSE:TU) has “Sector Outperform” rating given on Wednesday, April 5 by IBC.

Analysts await TELUS Corporation (NYSE:TU) to report earnings on February, 8. They expect $0.44 earnings per share, up 10.00% or $0.04 from last year’s $0.4 per share. TU’s profit will be $257.43M for 21.43 P/E if the $0.44 EPS becomes a reality. After $0.52 actual earnings per share reported by TELUS Corporation for the previous quarter, Wall Street now forecasts -15.38% negative EPS growth.

Among 18 analysts covering Synovus Financial Corp. (NYSE:SNV), 7 have Buy rating, 1 Sell and 10 Hold. Therefore 39% are positive. Synovus Financial Corp. had 48 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Compass Point on Friday, November 18 to “Neutral”. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Hold” rating by Jefferies on Monday, January 8. On Thursday, February 11 the stock rating was downgraded by Morgan Stanley to “Underperform”. Keefe Bruyette & Woods maintained Synovus Financial Corp. (NYSE:SNV) rating on Monday, September 25. Keefe Bruyette & Woods has “Hold” rating and $45.0 target. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Buy” rating by Bank of America on Thursday, May 11. The firm has “Neutral” rating by Bank of America given on Wednesday, June 29. The firm has “Buy” rating by Stephens given on Tuesday, August 15. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Tuesday, November 29. Barclays Capital maintained the stock with “Underweight” rating in Friday, October 9 report. The company was upgraded on Tuesday, December 6 by Barclays Capital.

Synovus Financial Corp. operates as the bank holding firm for Synovus Bank that provides various financial services and products. The company has market cap of $6.09 billion. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. It has a 20.62 P/E ratio. The companyÂ’s commercial banking services comprise cash management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.