Amundi Buys 163,984 Shares of TELUS Co. (NYSE:TU)

Amundi grew its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,396,362 shares of the Wireless communications provider's stock after acquiring an additional 163,984 shares during the quarter. Amundi owned about 0.09% of TELUS worth $19,409,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in TELUS by 195,100.0% in the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 1,951 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of TELUS by 1,756.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock valued at $65,000 after buying an additional 4,548 shares during the period. Triasima Portfolio Management inc. purchased a new position in shares of TELUS in the 4th quarter worth $146,000. Orion Portfolio Solutions LLC grew its holdings in shares of TELUS by 25.6% in the third quarter. Orion Portfolio Solutions LLC now owns 15,270 shares of the Wireless communications provider's stock worth $256,000 after acquiring an additional 3,110 shares during the period. Finally, Tidal Investments LLC purchased a new stake in TELUS during the third quarter valued at $320,000. 49.40% of the stock is currently owned by institutional investors.

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TELUS Price Performance

NYSE:TU traded up $0.05 during trading hours on Monday, hitting $15.04. 3,994,327 shares of the stock traded hands, compared to its average volume of 2,704,849. The company has a market cap of $22.76 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27. The stock has a 50 day moving average price of $14.76 and a 200 day moving average price of $15.34. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The company had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter in the previous year, the company earned $0.10 EPS. Sell-side analysts forecast that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be given a dividend of $0.2829 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend is Tuesday, March 11th. TELUS's dividend payout ratio is currently 226.53%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TU. National Bank Financial cut TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Morgan Stanley assumed coverage on shares of TELUS in a report on Monday, December 16th. They issued an "equal weight" rating on the stock. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Cormark downgraded TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $26.00.

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.