TELUS Corporation (NYSE:TU) Receives Media Impact Score of 0.29

Andrew Cummings
August 12, 2017

Raymond James Trust N.A. increased its stake in TELUS Corporation by 7.3% in the first quarter. Public Sector Pension Investment Board grew its ownership by buying 227,400 shares an increase of 24.0% in the quarter.

TELUS Corporation (TU) opened at 36.24 on Wednesday. PNC Financial Services Group Inc. now owns 3,782 shares of the Wireless communications provider's stock valued at $130,000 after buying an additional 2,662 shares during the period. Great West Life Assurance Co. Can now owns 6,680,083 shares of the Wireless communications provider's stock worth $216,755,000 after buying an additional 506,861 shares during the period. Bank of Montreal Can boosted its position in shares of TELUS Corporation by 14.6% in the first quarter. Janney Montgomery Scott LLC now owns 9,503 shares of the Wireless communications provider's stock worth $309,000 after buying an additional 1,920 shares during the last quarter. TELUS has a 52 week low of $40.97 and a 52 week high of $46.29.

The P/E ratio is 20.65 and the market value is 20.91B. The stock has a 50 day moving average price of $35.40 and a 200 day moving average price of $33.69. ON Semiconductor Corp. had 37 analyst reports since August 4, 2015 according to SRatingsIntel.

Wireless revenue was $1.85 billion, which included a 7.2 per cent increase in network revenue supported by the addition of 99,000 contract subscribers during the quarter. Next quarter's EPS is forecasted at $0.54 and the next full year EPS is anticipated to be $2.27. As of quarter end Ubs Asset Management Americas Inc had acquired 11,287 shares growing its position 11.9%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a $0.3884 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.55 annualized dividend and a yield of 4.39%. Also published the news titled: "Should Investors Be Taking Profits From Telus Corporation?" on July 27, 2017.

COPYRIGHT VIOLATION WARNING: "TELUS Corporation (NYSE:TU) Shares Bought by Credit Suisse AG" was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another site, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright law. The legal version of this story can be read at Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Finally, Canaccord Genuity restated a "buy" rating and set a $47.00 target price on shares of TELUS Corporation in a report on Monday, May 8th. Finally, Morgan Stanley upped their target price on shares of TELUS from C$44.00 to C$46.00 in a report on Wednesday, May 17th. The average 1 year price target among brokerages that have covered the stock in the last year is C$47.75. Zacks Lowered stocks of TELUS Corporation from a "hold" recommendation to a "sell" recommendation in a analysis report on early Thur, May 4th.

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