TELUS Co. (NYSE:TU) Shares Acquired by Scheer Rowlett & Associates Investment Management Ltd.

Scheer Rowlett & Associates Investment Management Ltd. lifted its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,403,521 shares of the Wireless communications provider's stock after buying an additional 169,577 shares during the quarter. TELUS makes up about 3.4% of Scheer Rowlett & Associates Investment Management Ltd.'s holdings, making the stock its 11th largest position. Scheer Rowlett & Associates Investment Management Ltd. owned about 0.23% of TELUS worth $46,088,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TU. Private Advisor Group LLC acquired a new position in TELUS in the 3rd quarter valued at about $187,000. Van ECK Associates Corp raised its stake in TELUS by 1.4% in the 3rd quarter. Van ECK Associates Corp now owns 288,058 shares of the Wireless communications provider's stock valued at $4,662,000 after purchasing an additional 3,839 shares during the last quarter. Summit Global Investments acquired a new position in TELUS in the 3rd quarter valued at about $1,146,000. Fiera Capital Corp raised its stake in TELUS by 1.3% in the 3rd quarter. Fiera Capital Corp now owns 16,882,528 shares of the Wireless communications provider's stock valued at $283,854,000 after purchasing an additional 211,815 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in TELUS in the 3rd quarter valued at about $945,000. Institutional investors and hedge funds own 49.40% of the company's stock.

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Analyst Upgrades and Downgrades

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

TELUS Trading Down 1.7 %

Shares of NYSE:TU traded down $0.26 during trading on Wednesday, reaching $15.11. 5,026,008 shares of the stock were exchanged, compared to its average volume of 2,703,057. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. TELUS Co. has a 12-month low of $13.24 and a 12-month high of $17.39. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The firm's 50-day moving average price is $14.67 and its 200 day moving average price is $15.36.

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

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be given a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date of this dividend is Tuesday, March 11th. TELUS's payout ratio is 226.53%.

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.