Telus Corporation Ordinary Shar (NYSE:TU).
Cgov Asset Management says it increased its stake in Telus Corporation Ordinary Shar shares by 11.9% as reported in a filing on 07/12/2017. Its stake stood at $87,033,000 an increase of 16.0% as of the end of the quarter.
Here are some other firms who have updated their holdings. Nexus Investment Management Inc. expanded its holdings by buying 3,300 shares an increase of 0.6% in the quarter. Nexus Investment Management Inc. controls 589,495 shares with a value of $20,328,000. The total value of its holdings increased 7.0%. As of the end of the quarter Creative Planning had bought a total of 333 shares growing its holdings by 2.9%. The value of the investment in (TU) increased from $372,000 to $407,000 a change of $35,000 since the last quarter.
As of quarter end Bank Of Montreal /can/ had acquired 499,472 shares growing its stake by 94,597.0%. The value of the company’s investment in Telus Corporation Ordinary Shar went from $17,000 to $17,260,000 a change of 101,429.4% quarter over quarter.
On March 23, 2016 the stock rating was changed to a “Hold” according to a TD Securities report which is down from the previous “Buy” rating. On February 12 the company was rated “Hold” in a report from Canaccord Genuity which was a cut from the previous “Buy” rating.
February 2 investment analysts at Barclays made no change to the stock rating of “Overweight” and lowered the price target from $36.00 to $34.00. On January 26, 2016 the stock rating was set at “Outperform” by Macquarie a boost from the previous “Neutral” rating.
Equity analyst Goldman Sachs initiated coverage on TU setting a rating of “Neutral”. On August 10 the company was downgraded from “Buy” to “Hold” by Canaccord Genuity.
The company is so far trading up from yesterday’s close of $34.44. The company also declared a dividend paid on Tuesday the 4th of July 2017. The dividend was $0.358 per share for the quarter or $1.43 on an annualized basis. This dividend represents a yeild of $4.50 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 7th of June 2017.
The stock last traded at $35.16 which is just a bit higher than the 50 day moving average of $33.88 and which is just over the 200 day moving average of $33.03. The 50 day moving average was up $1.28 and the 200 day average was up $2.13.
The P/E ratio is currently 21.27 and the market cap of the company is 20.78B. As of the last earnings report the EPS was $1.65 and is expected to be $2.09 for the current year with 591,000,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.53 with next year’s EPS projected to be $2.23.