Agf Investments buys $63,462,130 stake in TELUS Corporation (USA) (TU)

TELUS Corporation (USA) (TU) : Agf Investments scooped up 148,696 additional shares in TELUS Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,933,642 shares of TELUS Corporation (USA) which is valued at $63,462,130.TELUS Corporation (USA) makes up approximately 0.69% of Agf Investments’s portfolio.

Other Hedge Funds, Including , Clean Yield Group boosted its stake in TU in the latest quarter, The investment management firm added 2,505 additional shares and now holds a total of 115,803 shares of TELUS Corporation (USA) which is valued at $3,852,766. TELUS Corporation (USA) makes up approx 1.64% of Clean Yield Group’s portfolio.Granite Investment Advisors reduced its stake in TU by selling 14,445 shares or 6.59% in the most recent quarter. The Hedge Fund company now holds 204,809 shares of TU which is valued at $6,848,813. TELUS Corporation (USA) makes up approx 1.35% of Granite Investment Advisors’s portfolio.Nikko Asset Management Americas boosted its stake in TU in the latest quarter, The investment management firm added 17,700 additional shares and now holds a total of 23,800 shares of TELUS Corporation (USA) which is valued at $788,970. TELUS Corporation (USA) makes up approx 0.07% of Nikko Asset Management Americas’s portfolio.Cardinal Capital Management reduced its stake in TU by selling 17,540 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 1,403,993 shares of TU which is valued at $46,135,210. TELUS Corporation (USA) makes up approx 5.04% of Cardinal Capital Management’s portfolio.

TELUS Corporation (USA) closed down -0.1 points or -0.30% at $32.72 with 1,60,715 shares getting traded on Thursday. Post opening the session at $32.83, the shares hit an intraday low of $32.6 and an intraday high of $33.02 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, TELUS Corporation (USA) reported $0.70 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $0.70. The company had revenue of $3108.00 million for the quarter, compared to analysts expectations of $3114.32 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

TELUS Corporation (TELUS) is a telecommunications company. The Company operates through two business segments: wireless segment and wireline segment. The wireless segment includes 8.1 million wireless subscribers. The wireline segment includes 3.2 million wireline network access lines (NALs). The Company provides a range of telecommunications services and products including wireless and wireline voice and data; TELUS TV a high-definition entertainment service with Optik TV and TELUS Satellite TV (TELUS Satellite TV is offered only in British Columbia and Alberta); Internet Protocol networks and applications; contact center and business process outsourcing solutions; hosting managed IT and cloud-based services around Internet of Things; TELUS Health’s technology including pharmacy management electronic medical and health record remote patient monitoring and online settlement claims management solutions and conferencing and collaboration equipment and application solutions.

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