15,807 Shares in TELUS Co. (NYSE:TU) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of TELUS Co. (NYSE:TU) (TSE:T) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,807 shares of the Wireless communications provider’s stock, valued at approximately $265,000.

Other hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board increased its position in TELUS by 11.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,252,092 shares of the Wireless communications provider’s stock worth $20,050,000 after buying an additional 126,488 shares during the last quarter. Toronto Dominion Bank increased its position in TELUS by 5.4% in the second quarter. Toronto Dominion Bank now owns 12,472,610 shares of the Wireless communications provider’s stock worth $188,835,000 after buying an additional 636,845 shares during the last quarter. Quantbot Technologies LP increased its position in TELUS by 78.0% in the first quarter. Quantbot Technologies LP now owns 163,579 shares of the Wireless communications provider’s stock worth $2,619,000 after buying an additional 71,655 shares during the last quarter. Cumberland Partners Ltd increased its position in TELUS by 130.4% in the first quarter. Cumberland Partners Ltd now owns 56,840 shares of the Wireless communications provider’s stock worth $910,000 after buying an additional 32,170 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in TELUS by 276.3% in the first quarter. BNP Paribas Financial Markets now owns 143,688 shares of the Wireless communications provider’s stock worth $2,300,000 after buying an additional 105,505 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors.

TELUS Price Performance

Shares of NYSE TU opened at $15.11 on Thursday. The stock has a market cap of $22.54 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.40 and a beta of 0.75. TELUS Co. has a fifty-two week low of $14.63 and a fifty-two week high of $19.14. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a fifty day moving average of $16.36 and a 200-day moving average of $16.13.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Finally, Canaccord Genuity Group cut TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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.