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Canon calls this the Canon Zoom Lens EF-S 55-250mm f/4-5.6 IS II.
EF: Electronic Focus. All modern Canon lenses focus with a motor in the lens.
-S: Only works on newer, small (APS-C) DSLRs.
IS: Image Stabilization, which means no tripod needed except at night. See Why IS Matters. Canon claims 4 stops.
II: Second version.