TELUS Corporation (TU) Receiving Optimistic Media Opinion, Based On A Study

Reuters

Wells Fargo & Company MN lowered its position in TELUS Corporation (NYSE:TU) (TSE:T) by 46.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission.

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. Sei Investments Co.'s holdings in TELUS Corporation were worth $12,841,000 at the end of the most recent quarter. Nexus Investment Management Inc. now owns 586,195 shares of the Wireless communications provider's stock valued at $18,997,000 after buying an additional 2,060 shares during the last quarter. The company has a market capitalization of $26.49 billion and a price-to-earnings ratio of 20.86.

Vancouver-based Telus signed up 99,000 new postpaid wireless customers in the quarter compared with 61,000 a year earlier. TELUS Corporation (TSE:T) has 0.00% since August 10, 2016 and is. Finally, Vanguard Group Inc. boosted its position in shares of TELUS Corporation by 4.1% in the first quarter. The institutional investor owned 4,711 shares of the Wireless communications provider's stock after selling 4,153 shares during the period.

A number of equities research analysts have commented on T shares.

It is now trading at $35.38 which is just over the 50 day moving average of $35.36 and which is quite a bit above the 200 day moving average of $33.67. Gulf International Bank UK Ltd raised its position in TELUS Corporation by 1.1% in the first quarter. Korea Investment CORP bought a new position in TELUS Corporation during the first quarter valued at about $156,000. TELUS Corporation has a 1 year low of $30.31 and a 1 year high of $36.77. the firms 50 Day SMA price is $35.30 and the 200 day SMA is $33.66. UBS Asset Management Americas Inc. raised its position in TELUS Corporation by 3.3% in the fourth quarter. Additionally the company recently announced a dividend paid on Tuesday the 4th of July 2017.

TELUS Corporation had its "overweight" rating reiterated by analysts at Barclays. Finally, Canaccord Genuity reaffirmed a "buy" rating and set a $47.00 target price on shares of TELUS Corporation in a report on Monday, May 8th.

TRADEMARK VIOLATION NOTICE: "TELUS Corporation (NYSE:TU) Issues Earnings Results" was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another domain, it was copied illegally and reposted in violation of U.S. & global copyright & trademark law. Royal Bank Of Canada upped their target price on shares of TELUS from C$44.00 to C$45.00 and gave the company a sector perform rating in a report on Monday, May 15th. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/08/09/telus-corporation-tu-shares-sold-by-nn-investment-partners-holdings-n-v-updated-updated.html.

Among 9 analysts covering Telus Corporation (NYSE:TU), 6 have Buy rating, 0 Sell and 3 Hold. The stock now has a consensus rating of "Buy" and a consensus target price of $41.33. The Firm provides a range of telecommunications services and products, including wireless and wireline voice and data.

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