Cambridge Investment Research Advisors Inc. lifted its stake in shares of TELUS Co. (NYSE:TU – Get Rating) (TSE:T) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,697 shares of the Wireless communications provider’s stock after acquiring an additional 4,087 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in TELUS were worth $631,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacifica Partners Inc. lifted its position in TELUS by 76.8% during the fourth quarter. Pacifica Partners Inc. now owns 44,017 shares of the Wireless communications provider’s stock worth $865,000 after buying an additional 19,122 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of TELUS in the fourth quarter worth approximately $68,000. Metis Global Partners LLC grew its holdings in TELUS by 116.1% in the fourth quarter. Metis Global Partners LLC now owns 35,101 shares of the Wireless communications provider’s stock valued at $677,000 after purchasing an additional 18,857 shares during the period. WINTON GROUP Ltd purchased a new stake in TELUS in the third quarter valued at approximately $253,000. Finally, National Bank of Canada FI raised its stake in TELUS by 119.2% during the fourth quarter. National Bank of Canada FI now owns 18,117,787 shares of the Wireless communications provider’s stock worth $349,314,000 after purchasing an additional 9,850,903 shares during the period. Hedge funds and other institutional investors own 51.42% of the company’s stock.
TELUS Stock Down 1.5 %
NYSE TU opened at $19.94 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.35. TELUS Co. has a fifty-two week low of $18.85 and a fifty-two week high of $25.50. The business has a 50 day moving average price of $20.53 and a two-hundred day moving average price of $20.58. The stock has a market cap of $28.67 billion, a PE ratio of 25.24, a P/E/G ratio of 2.91 and a beta of 0.74.
TELUS Increases Dividend
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TU. BMO Capital Markets boosted their price objective on shares of TELUS from C$32.00 to C$33.00 in a research note on Friday, May 5th. TD Securities lifted their price objective on TELUS from C$31.00 to C$32.00 in a research note on Friday, May 5th. Desjardins dropped their target price on shares of TELUS from C$33.00 to C$32.00 in a research report on Friday, February 10th. Barclays reduced their price target on shares of TELUS from $23.00 to $21.00 in a research report on Monday, May 8th. Finally, National Bank Financial cut their target price on shares of TELUS from C$31.00 to C$30.00 in a research note on Friday, February 10th.
TELUS Corp. is a telecommunications company, which engages in the provision of telecommunication services and products primarily for wireless and wireline voice and data. It operates through the following segments: TELUS Technology Solutions (TTech) and Digitally-led Customer ExperiencesTELUS International (DLCX).
- Get a free copy of the StockNews.com research report on TELUS (TU)
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