Vestmark Advisory Solutions Inc. grew its holdings in TELUS Co. (NYSE:TU – Free Report) (TSE:T) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,984 shares of the Wireless communications provider’s stock after purchasing an additional 2,053 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in TELUS were worth $337,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of TU. Advisor Group Holdings Inc. boosted its stake in shares of TELUS by 60.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 14,694 shares of the Wireless communications provider’s stock worth $260,000 after buying an additional 5,560 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of TELUS by 36.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,093 shares of the Wireless communications provider’s stock worth $761,000 after buying an additional 7,737 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of TELUS by 59.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the Wireless communications provider’s stock worth $148,000 after buying an additional 2,109 shares during the last quarter. Aviva PLC boosted its stake in shares of TELUS by 156.0% in the 1st quarter. Aviva PLC now owns 479,131 shares of the Wireless communications provider’s stock worth $12,536,000 after buying an additional 291,979 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of TELUS in the 1st quarter worth $206,000. Institutional investors own 45.03% of the company’s stock.
TELUS Trading Down 0.6 %
Shares of TU stock opened at $16.98 on Friday. TELUS Co. has a 12-month low of $16.68 and a 12-month high of $23.68. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.30. The stock’s 50-day moving average price is $18.56 and its 200-day moving average price is $19.70. The stock has a market capitalization of $24.45 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73.
TELUS Increases Dividend
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on TU shares. BMO Capital Markets lowered their target price on TELUS from C$29.00 to C$27.00 in a research report on Monday, August 7th. JPMorgan Chase & Co. decreased their price target on TELUS from C$33.00 to C$31.00 in a report on Thursday, July 20th. CIBC decreased their price target on TELUS from C$31.00 to C$29.00 in a report on Monday, July 17th. Desjardins decreased their price target on TELUS from C$29.00 to C$27.50 in a report on Friday, July 14th. Finally, StockNews.com began coverage on TELUS in a report on Thursday. They set a “sell” rating on the stock.
View Our Latest Analysis on TU
About TELUS
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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