TELUS Corporation (USA) (TU) : Bank Of Nova Scotia Trust Co reduced its stake in TELUS Corporation (USA) by 3.81% during the most recent quarter end. The investment management company now holds a total of 473,586 shares of TELUS Corporation (USA) which is valued at $15,959,848 after selling 18,777 shares in TELUS Corporation (USA) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.TELUS Corporation (USA) makes up approximately 2.01% of Bank Of Nova Scotia Trust Co’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in TU in the latest quarter, The investment management firm added 540,954 additional shares and now holds a total of 4,159,797 shares of TELUS Corporation (USA) which is valued at $140,185,159. TELUS Corporation (USA) makes up approx 0.01% of Vanguard Group Inc’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in TU in the latest quarter, The investment management firm added 171,400 additional shares and now holds a total of 360,300 shares of TELUS Corporation (USA) which is valued at $11,897,106. TELUS Corporation (USA) makes up approx 0.13% of Dekabank Deutsche Girozentrale’s portfolio.Integrated Wealth Management reduced its stake in TU by selling 1,164 shares or 48.54% in the most recent quarter. The Hedge Fund company now holds 1,234 shares of TU which is valued at $40,500. TELUS Corporation (USA) makes up approx 0.02% of Integrated Wealth Management’s portfolio.Dorchester Wealth Management Co reduced its stake in TU by selling 825 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 157,038 shares of TU which is valued at $5,251,351. TELUS Corporation (USA) makes up approx 1.90% of Dorchester Wealth Management Co’s portfolio.
TELUS Corporation (USA) closed down -0.18 points or -0.53% at $33.56 with 87,236 shares getting traded on Friday. Post opening the session at $33.5, the shares hit an intraday low of $33.28 and an intraday high of $33.63 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, TELUS Corporation (USA) reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.69. The company had revenue of $3148.00 million for the quarter, compared to analysts expectations of $3186.14 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Many Wall Street Analysts have commented on TELUS Corporation (USA). TELUS Corporation (USA) was Upgraded by Desjardins to ” Buy” on Aug 11, 2016.
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.