Vest Financial LLC Raises Holdings in TELUS Co. (NYSE:TU)

Vest Financial LLC boosted its holdings in TELUS Co. (NYSE:TU - Free Report) TSE: T by 43.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,340 shares of the Wireless communications provider's stock after purchasing an additional 19,430 shares during the period. Vest Financial LLC's holdings in TELUS were worth $872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TU. Versant Capital Management Inc raised its stake in shares of 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 valued at $26,000 after buying an additional 1,951 shares during the period. Avior Wealth Management LLC raised its stake in shares of TELUS by 1,756.0% in the fourth 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. Blue Trust Inc. raised its stake in shares of TELUS by 58.0% in the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider's stock valued at $67,000 after buying an additional 1,468 shares during the period. Trust Co. of Vermont raised its stake in shares of TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock valued at $128,000 after buying an additional 1,218 shares during the period. Finally, Triasima Portfolio Management inc. bought a new stake in shares of TELUS in the fourth quarter valued at $146,000. Hedge funds and other institutional investors own 49.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms 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. National Bank Financial lowered TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Morgan Stanley began coverage on TELUS in a research note on Monday, December 16th. They set an "equal weight" rating on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, TELUS currently has an average rating of "Hold" and an average target price of $26.00.

TELUS Price Performance

NYSE TU traded up $0.65 during trading on Thursday, reaching $15.24. The company's stock had a trading volume of 5,058,591 shares, compared to its average volume of 3,873,231. The stock has a market capitalization of $22.85 billion, a PE ratio of 32.42, a P/E/G ratio of 4.85 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. The firm has a fifty day moving average of $14.23 and a 200 day moving average of $15.46. TELUS Co. has a one year low of $13.24 and a one year high of $18.16.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its 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. TELUS had a return on equity of 8.80% and a net margin of 4.56%. Analysts expect that TELUS Co. will post 0.72 EPS for the current fiscal 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.