TELUS (NYSE:TU) Upgraded at StockNews.com

StockNews.com upgraded shares of TELUS (NYSE:TU) (TSE:T) from a sell rating to a hold rating in a report published on Monday.

Other analysts have also issued research reports about the company. Morgan Stanley initiated coverage on TELUS in a report on Monday, December 16th. They set an “equal weight” rating on the stock. Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. 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. Four equities 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 stock currently has a consensus rating of “Hold” and an average price target of $26.00.

TELUS Stock Performance

Shares of NYSE:TU opened at $14.60 on Monday. The stock has a market capitalization of $21.90 billion, a P/E ratio of 31.06, a PEG ratio of 4.85 and a beta of 0.75. TELUS has a 52 week low of $13.24 and a 52 week high of $18.16. The firm has a fifty day simple moving average of $14.25 and a two-hundred day simple moving average of $15.46. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50.

Institutional Trading of TELUS

A number of large investors have recently made changes to their positions in the stock. Walter Public Investments Inc. lifted its holdings in TELUS by 1.9% during the 3rd quarter. Walter Public Investments Inc. now owns 38,161 shares of the Wireless communications provider’s stock valued at $640,000 after buying an additional 708 shares in the last quarter. Trust Co. of Vermont increased its position in shares of TELUS by 19.0% during the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after acquiring an additional 1,218 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of TELUS by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider’s stock valued at $1,197,000 after acquiring an additional 1,346 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 purchasing an additional 1,468 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in TELUS by 2.0% in the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider’s stock worth $1,297,000 after purchasing an additional 1,500 shares in the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

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.