Lincluden Management Ltd. Sells 57,625 Shares of TELUS Co. (NYSE:TU)

Lincluden Management Ltd. lowered its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,940,534 shares of the Wireless communications provider's stock after selling 57,625 shares during the quarter. TELUS accounts for about 3.6% of Lincluden Management Ltd.'s holdings, making the stock its 11th largest position. Lincluden Management Ltd. owned approximately 0.13% of TELUS worth $32,577,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TU. Fairscale Capital LLC bought a new stake in shares of TELUS during the 2nd quarter worth $27,000. Blue Trust Inc. boosted its holdings in shares of TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider's stock worth $41,000 after buying an additional 954 shares during the period. UniSuper Management Pty Ltd bought a new stake in TELUS in the 1st quarter valued at $58,000. Acadian Asset Management LLC bought a new stake in TELUS in the 2nd quarter valued at $123,000. Finally, Trust Co. of Vermont boosted its holdings in TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock valued at $128,000 after purchasing an additional 1,218 shares during the period. Institutional investors and hedge funds own 49.40% of the company's stock.

Analyst Upgrades and Downgrades

TU has been the subject of a number of research reports. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a report on Friday, September 6th. Canaccord Genuity Group cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Finally, Scotiabank raised shares of TELUS from a "sector perform" rating to a "sector outperform" rating in a research note on Monday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, TELUS has a consensus rating of "Hold" and a consensus target price of $26.00.

TELUS Stock Down 0.8 %

TU traded down $0.12 during trading on Friday, reaching $15.69. 2,094,321 shares of the stock were exchanged, compared to its average volume of 2,224,825. TELUS Co. has a twelve month low of $14.63 and a twelve month high of $19.14. The stock has a market cap of $23.41 billion, a P/E ratio of 39.23, a price-to-earnings-growth ratio of 2.44 and a beta of 0.74. The stock's 50 day moving average price is $16.41 and its two-hundred day moving average price is $16.14. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.61 and a current ratio of 0.66.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.09. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.70 billion. TELUS had a net margin of 3.87% and a return on equity of 8.50%. During the same quarter in the previous year, the business posted $0.14 earnings per share. Equities analysts expect that TELUS Co. will post 0.73 EPS for the current year.

About TELUS

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.