Callahan Advisors Lowers stake in TELUS Corporation (USA) (TU)

TELUS Corporation (USA) (TU) : Callahan Advisors reduced its stake in TELUS Corporation (USA) by 0.55% during the most recent quarter end. The investment management company now holds a total of 18,075 shares of TELUS Corporation (USA) which is valued at $587,618 after selling 100 shares in TELUS Corporation (USA) , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.TELUS Corporation (USA) makes up approximately 0.15% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in TU in the latest quarter, The investment management firm added 223 additional shares and now holds a total of 13,299 shares of TELUS Corporation (USA) which is valued at $425,435.Capstone Asset Management Co boosted its stake in TU in the latest quarter, The investment management firm added 9,353 additional shares and now holds a total of 231,440 shares of TELUS Corporation (USA) which is valued at $7,403,766. TELUS Corporation (USA) makes up approx 0.22% of Capstone Asset Management Co’s portfolio.Gradient Investments reduced its stake in TU by selling 46 shares or 37.4% in the most recent quarter. The Hedge Fund company now holds 77 shares of TU which is valued at $2,482.Cardinal Capital Management boosted its stake in TU in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 1,404,543 shares of TELUS Corporation (USA) which is valued at $45,591,466. TELUS Corporation (USA) makes up approx 5.17% of Cardinal Capital Management’s portfolio.

TELUS Corporation (USA) opened for trading at $32.59 and hit $32.74 on the upside on Friday, eventually ending the session at $32.51, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 1,72,644 shares. Company has a market cap of $19,246 M.

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.

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