Sequoia Financial Advisors LLC Makes New $172,000 Investment in TELUS Co. (NYSE:TU)

Sequoia Financial Advisors LLC bought a new position in shares of TELUS Co. (NYSE:TUFree Report) (TSE:T) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,496 shares of the Wireless communications provider’s stock, valued at approximately $172,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. grew its holdings in TELUS by 25.1% during the 3rd quarter. Avantax Advisory Services Inc. now owns 40,664 shares of the Wireless communications provider’s stock worth $664,000 after acquiring an additional 8,149 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in TELUS by 9.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,541 shares of the Wireless communications provider’s stock worth $221,000 after acquiring an additional 1,162 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in TELUS by 4.4% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 90,050 shares of the Wireless communications provider’s stock worth $1,471,000 after acquiring an additional 3,806 shares during the last quarter. PARK CIRCLE Co lifted its position in shares of TELUS by 56.3% in the 3rd quarter. PARK CIRCLE Co now owns 82,598 shares of the Wireless communications provider’s stock worth $1,350,000 after purchasing an additional 29,750 shares during the period. Finally, Wrapmanager Inc. lifted its position in shares of TELUS by 8.2% in the 3rd quarter. Wrapmanager Inc. now owns 14,438 shares of the Wireless communications provider’s stock worth $236,000 after purchasing an additional 1,093 shares during the period. 49.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded shares of TELUS from an “overweight” rating to a “neutral” rating in a research report on Thursday, January 4th. StockNews.com downgraded shares of TELUS from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th.

Get Our Latest Stock Report on TU

TELUS Stock Up 2.9 %

TELUS stock opened at $17.56 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.34. TELUS Co. has a 12-month low of $15.47 and a 12-month high of $21.34. The firm’s fifty day moving average is $18.01 and its 200 day moving average is $17.40. The company has a market capitalization of $25.69 billion, a PE ratio of 40.84, a PEG ratio of 3.35 and a beta of 0.75.

TELUS (NYSE:TUGet Free Report) (TSE:T) last released its earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. TELUS had a net margin of 4.18% and a return on equity of 7.76%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the previous year, the company earned $0.17 EPS. TELUS’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that TELUS Co. will post 0.82 EPS for the current fiscal year.

TELUS Profile

(Free Report)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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