TELUS Co. (NYSE:TU) Shares Sold by Gold Investment Management Ltd.

Gold Investment Management Ltd. lessened its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,139 shares of the Wireless communications provider’s stock after selling 2,136 shares during the period. Gold Investment Management Ltd.’s holdings in TELUS were worth $1,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in TELUS in the 2nd quarter valued at about $27,000. Blue Trust Inc. lifted its position in shares of TELUS by 60.4% in the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 954 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of TELUS in the first quarter worth approximately $58,000. 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 purchasing an additional 1,218 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in TELUS in the 2nd quarter valued at $123,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

TELUS Trading Up 3.0 %

Shares of TELUS stock traded up $0.45 during mid-day trading on Friday, hitting $15.62. The stock had a trading volume of 577,822 shares, compared to its average volume of 2,256,454. TELUS Co. has a 12-month low of $14.63 and a 12-month high of $19.14. The firm has a market cap of $23.31 billion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.75. The firm has a 50-day moving average of $16.36 and a two-hundred day moving average of $16.13. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TU shares. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. Finally, Canaccord Genuity Group lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and two have given 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.

TELUS Company Profile

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.