TELUS Corporation (USA) (TU) : Lincluden Management Ltd has sold out all of its stake in TELUS Corporation (USA) during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 423,170 shares of TELUS Corporation (USA) which is valued at $13,169,050.
TELUS Corporation (USA) opened for trading at $31.2 and hit $31.35 on the upside on Wednesday, eventually ending the session at $31.27, with a gain of 0.42% or 0.13 points. The heightened volatility saw the trading volume jump to 2,05,658 shares. Company has a market cap of $18,548 M.
Other Hedge Funds, Including , Beutel Goodman Co Ltd. reduced its stake in TU by selling 774,690 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 11,748,902 shares of TU which is valued at $365,625,830. TELUS Corporation (USA) makes up approx 3.93% of Beutel Goodman Co Ltd.’s portfolio.Murphy Capital Management Inc reduced its stake in TU by selling 2,000 shares or 20.62% in the most recent quarter. The Hedge Fund company now holds 7,700 shares of TU which is valued at $239,624. TELUS Corporation (USA) makes up approx 0.04% of Murphy Capital Management Inc’s portfolio.Capstone Asset Management Co reduced its stake in TU by selling 45,220 shares or 41.72% in the most recent quarter. The Hedge Fund company now holds 63,176 shares of TU which is valued at $1,988,149. TELUS Corporation (USA) makes up approx 0.06% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, TELUS Corporation (USA) reported $0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.55. The company had revenue of $3217.00 million for the quarter, compared to analysts expectations of $3246.95 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on TELUS Corporation (USA). TELUS Corporation (USA) was Downgraded by TD Securities to ” Hold” on Mar 23, 2016. Shares were Reiterated by Barclays on Feb 12, 2016 to “Overweight” and Lowered the Price Target to $ 33 from a previous price target of $34 .TELUS Corporation (USA) was Upgraded by Macquarie to ” Outperform” on Jan 26, 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.