Cardinal Capital Management buys $45,591,466 stake in TELUS Corporation (USA) (TU)

TELUS Corporation (USA) (TU) : Cardinal Capital Management scooped up 550 additional shares in TELUS Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 1,404,543 shares of TELUS Corporation (USA) which is valued at $45,591,466.TELUS Corporation (USA) makes up approximately 5.17% of Cardinal Capital Management’s portfolio.

Other Hedge Funds, Including , Lifeplan Financial Group Inc boosted its stake in TU in the latest quarter, The investment management firm added 1,748 additional shares and now holds a total of 11,979 shares of TELUS Corporation (USA) which is valued at $388,838. TELUS Corporation (USA) makes up approx 0.27% of Lifeplan Financial Group Inc’s portfolio. Eqis Capital Management sold out all of its stake in TU during the most recent quarter. The investment firm sold 6,412 shares of TU which is valued $208,134.

TELUS Corporation (USA) closed down -0.37 points or -1.12% at $32.66 with 1,32,486 shares getting traded on Tuesday. Post opening the session at $32.95, the shares hit an intraday low of $32.49 and an intraday high of $33.05 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, TELUS Corporation (USA) reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.69. The company had revenue of $3148.00 million for the quarter, compared to analysts expectations of $3186.14 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on TELUS Corporation (USA). TELUS Corporation (USA) was Upgraded by Desjardins to ” Buy” on Aug 11, 2016.

TELUS Corporation (TELUS) is a telecommunications company. The Company operates through two business segments: wireless segment and wireline segment. The wireless segment includes 8.1 million wireless subscribers. The wireline segment includes 3.2 million wireline network access lines (NALs). The Company provides a range of telecommunications services and products including wireless and wireline voice and data; TELUS TV a high-definition entertainment service with Optik TV and TELUS Satellite TV (TELUS Satellite TV is offered only in British Columbia and Alberta); Internet Protocol networks and applications; contact center and business process outsourcing solutions; hosting managed IT and cloud-based services around Internet of Things; TELUS Health’s technology including pharmacy management electronic medical and health record remote patient monitoring and online settlement claims management solutions and conferencing and collaboration equipment and application solutions.

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