Fiera Capital Corp Has $218.10 Million Position in TELUS Co. (NYSE:TU)

Fiera Capital Corp decreased its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,078,308 shares of the Wireless communications provider’s stock after selling 804,220 shares during the quarter. Fiera Capital Corp’s holdings in TELUS were worth $218,102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. National Bank of Canada FI lifted its position in shares of TELUS by 24.2% during the 3rd quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider’s stock worth $438,922,000 after buying an additional 5,094,269 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of TELUS by 0.7% during the third quarter. Janus Henderson Group PLC now owns 6,701,819 shares of the Wireless communications provider’s stock valued at $112,610,000 after acquiring an additional 49,088 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in shares of TELUS by 8.9% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,233,944 shares of the Wireless communications provider’s stock valued at $54,249,000 after acquiring an additional 263,774 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in shares of TELUS by 13.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider’s stock valued at $44,785,000 after purchasing an additional 317,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of TELUS by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,335,660 shares of the Wireless communications provider’s stock worth $40,238,000 after purchasing an additional 177,953 shares during the last quarter. 49.40% of the stock is owned by institutional investors.

TELUS Stock Up 0.1 %

Shares of NYSE TU opened at $14.60 on Thursday. TELUS Co. has a 12-month low of $13.24 and a 12-month high of $18.16. The firm’s 50-day simple moving average is $14.25 and its 200 day simple moving average is $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. The company has a market cap of $21.90 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 4.85 and a beta of 0.75.

Analyst Upgrades and Downgrades

TU has been the subject of several analyst reports. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley initiated coverage on TELUS in a report on Monday, December 16th. They issued an “equal weight” rating on the stock. Finally, Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, TELUS has a consensus rating of “Hold” and an average price target of $26.00.

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.