Wellesley Investment Partners buys $529,259 stake in TELUS Corporation (USA) (TU)

TELUS Corporation (USA) (TU) : Wellesley Investment Partners scooped up 1,152 additional shares in TELUS Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 15,705 shares of TELUS Corporation (USA) which is valued at $529,259.TELUS Corporation (USA) makes up approximately 0.28% of Wellesley Investment Partners’s portfolio.

Other Hedge Funds, Including , Denver Investment Advisors boosted its stake in TU in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 17,610 shares of TELUS Corporation (USA) which is valued at $595,922. TELUS Corporation (USA) makes up approx 0.03% of Denver Investment Advisors’s portfolio.Letko Brosseau Associates Inc boosted its stake in TU in the latest quarter, The investment management firm added 32,619 additional shares and now holds a total of 10,254,571 shares of TELUS Corporation (USA) which is valued at $338,605,934. TELUS Corporation (USA) makes up approx 3.11% of Letko Brosseau Associates Inc’s portfolio.Huntington National Bank reduced its stake in TU by selling 103 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 2,711 shares of TU which is valued at $90,195.Highstreet Asset Management boosted its stake in TU in the latest quarter, The investment management firm added 808 additional shares and now holds a total of 281,239 shares of TELUS Corporation (USA) which is valued at $9,404,632. TELUS Corporation (USA) makes up approx 3.21% of Highstreet Asset Management’s portfolio.

TELUS Corporation (USA) closed down -0.18 points or -0.53% at $33.56 with 87,236 shares getting traded on Friday. Post opening the session at $33.5, the shares hit an intraday low of $33.28 and an intraday high of $33.63 and the price fluctuated in this range throughout the day.Shares ended Friday 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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