Private Advisor Group LLC Takes Position in TELUS Co. (NYSE:TU)

Private Advisor Group LLC acquired a new stake in shares of TELUS Co. (NYSE:TU) (TSE:T) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,158 shares of the Wireless communications provider’s stock, valued at approximately $187,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in TELUS in the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in TELUS by 60.4% in the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after buying an additional 954 shares during the period. UniSuper Management Pty Ltd acquired a new position in TELUS in the 1st quarter worth approximately $58,000. Trust Co. of Vermont boosted its position in TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in TELUS in the 2nd quarter worth approximately $123,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

TELUS Trading Up 3.2 %

Shares of NYSE:TU opened at $15.66 on Friday. TELUS Co. has a 1 year low of $14.63 and a 1 year high of $19.14. The firm has a market capitalization of $23.36 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.31 and a beta of 0.75. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.61. The business’s 50 day moving average price is $16.33 and its 200-day moving average price is $16.12.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Canaccord Genuity Group lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

TELUS Company Profile

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; healthcare 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, as well as mobile and fixed voice and data telecommunications services and products.