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

International Assets Investment Management LLC acquired a new stake in TELUS Co. (NYSE:TU) (TSE:T) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,807 shares of the Wireless communications provider’s stock, valued at approximately $265,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in TELUS in the third quarter valued at approximately $187,000. Vest Financial LLC grew its stake in TELUS by 40.7% in the third quarter. Vest Financial LLC now owns 44,910 shares of the Wireless communications provider’s stock valued at $754,000 after acquiring an additional 12,991 shares during the period. Raymond James & Associates grew its stake in TELUS by 3.2% in the third quarter. Raymond James & Associates now owns 155,212 shares of the Wireless communications provider’s stock valued at $2,604,000 after acquiring an additional 4,822 shares during the period. Blue Trust Inc. grew its stake in TELUS by 58.0% in the third 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 period. Finally, Trust Co. of Vermont grew its stake in TELUS by 19.0% in the third 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 period. Institutional investors and hedge funds own 49.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

TELUS Stock Down 3.3 %

TU stock opened at $15.11 on Thursday. TELUS Co. has a twelve month low of $14.63 and a twelve month high of $19.14. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. The stock’s 50 day moving average is $16.36 and its 200-day moving average is $16.13. The firm has a market capitalization of $22.54 billion, a PE ratio of 37.78, a P/E/G ratio of 2.40 and a beta of 0.75.

TELUS 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.