Louisbourg Investments Inc. Boosts Stock Position in TELUS Co. (NYSE:TU)

Louisbourg Investments Inc. lifted its position in TELUS Co. (NYSE:TU) (TSE:T) by 121.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,610 shares of the Wireless communications provider’s stock after purchasing an additional 17,320 shares during the quarter. Louisbourg Investments Inc.’s holdings in TELUS were worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Walter Public Investments Inc. boosted its holdings in shares of TELUS by 1.9% in the 3rd quarter. Walter Public Investments Inc. now owns 38,161 shares of the Wireless communications provider’s stock worth $640,000 after purchasing an additional 708 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after acquiring an additional 1,218 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of TELUS by 58.0% in the 3rd quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock valued at $67,000 after acquiring an additional 1,468 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of TELUS by 2.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider’s stock valued at $1,297,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of TELUS by 195,100.0% in the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 1,951 shares during the last quarter. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TU has been the subject of a number of recent research reports. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley began coverage on TELUS in a research report on Monday, December 16th. They set an “equal weight” rating for the company. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Finally, National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, TELUS presently has a consensus rating of “Hold” and an average target price of $26.00.

TELUS Stock Up 0.5 %

Shares of NYSE:TU opened at $14.57 on Wednesday. TELUS Co. has a 52-week low of $13.24 and a 52-week high of $18.16. The firm has a market capitalization of $21.85 billion, a P/E ratio of 30.99, a P/E/G ratio of 4.85 and a beta of 0.75. The stock has a 50 day moving average price of $14.25 and a 200-day moving average price of $15.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69.

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; 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.