Fiera Capital Corp Has $283.85 Million Holdings in TELUS Co. (NYSE:TU)

Fiera Capital Corp increased its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,882,528 shares of the Wireless communications provider's stock after buying an additional 211,815 shares during the period. Fiera Capital Corp owned about 1.13% of TELUS worth $283,854,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Summit Global Investments acquired a new position in TELUS during the third quarter valued at $1,146,000. Harvest Portfolios Group Inc. boosted its position in TELUS by 6.5% during the third quarter. Harvest Portfolios Group Inc. now owns 509,052 shares of the Wireless communications provider's stock worth $8,540,000 after acquiring an additional 31,041 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of TELUS by 1.4% in the 3rd quarter. Van ECK Associates Corp now owns 288,058 shares of the Wireless communications provider's stock worth $4,662,000 after acquiring an additional 3,839 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of TELUS by 1.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 403,081 shares of the Wireless communications provider's stock valued at $6,702,000 after buying an additional 5,976 shares during the period. Finally, Forsta AP Fonden lifted its position in TELUS by 11.0% in the third quarter. Forsta AP Fonden now owns 351,700 shares of the Wireless communications provider's stock valued at $5,902,000 after buying an additional 34,900 shares during the last quarter. Institutional investors own 49.40% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TU. Scotiabank upgraded TELUS from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, October 28th. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a report on Friday, September 6th. Finally, Canaccord Genuity Group lowered TELUS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, TELUS presently has a consensus rating of "Hold" and a consensus target price of $26.00.

TELUS Stock Performance

TU traded up $0.49 on Friday, hitting $15.66. 4,299,341 shares of the company's stock were exchanged, compared to its average volume of 2,275,243. TELUS Co. has a twelve month low of $14.63 and a twelve month high of $19.14. The firm has a market cap of $23.36 billion, a PE ratio of 39.15, a P/E/G ratio of 2.31 and a beta of 0.75. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.46. The stock has a fifty day moving average of $16.33 and a two-hundred day moving average of $16.12.

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.