TELUS Co. (NYSE:TU) Shares Sold by AGF Management Ltd.

AGF Management Ltd. reduced its position in TELUS Co. (NYSE:TU - Free Report) TSE: T by 59.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 872,409 shares of the Wireless communications provider's stock after selling 1,256,124 shares during the period. AGF Management Ltd. owned about 0.06% of TELUS worth $12,148,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TU. Barclays PLC lifted its stake in TELUS by 38.5% in the third quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock valued at $7,839,000 after acquiring an additional 129,934 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of TELUS by 159.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 140,539 shares of the Wireless communications provider's stock worth $2,360,000 after buying an additional 86,393 shares during the last quarter. FMR LLC lifted its stake in shares of TELUS by 192.0% in the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider's stock worth $22,257,000 after buying an additional 872,235 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of TELUS in the third quarter worth $945,000. Finally, Nicola Wealth Management LTD. lifted its stake in shares of TELUS by 35.7% in the third quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider's stock worth $17,801,000 after buying an additional 279,000 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Cormark cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Morgan Stanley assumed 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 shares of TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, National Bank Financial cut shares of TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, TELUS presently has an average rating of "Hold" and a consensus target price of $26.00.

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TELUS Price Performance

NYSE:TU opened at $15.39 on Wednesday. The stock has a market cap of $23.08 billion, a P/E ratio of 31.40, a PEG ratio of 5.18 and a beta of 0.72. TELUS Co. has a one year low of $13.24 and a one year high of $17.39. The company has a fifty day moving average price of $14.67 and a 200 day moving average price of $15.36. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate 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 net margin of 4.85% and a return on equity of 9.07%. During the same period in the prior year, the company earned $0.10 EPS. Analysts anticipate that TELUS Co. will post 0.71 earnings per share for the current year.

TELUS Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be issued a $0.2829 dividend. This represents a $1.13 annualized dividend and a yield of 7.35%. The ex-dividend date is Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is presently 226.53%.

TELUS Company 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.

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