Louisbourg Investments Inc. Acquires 17,320 Shares of TELUS Co. (NYSE:TU)

Louisbourg Investments Inc. increased its holdings in shares of TELUS Co. (NYSE:TU) (TSE:T) by 121.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,610 shares of the Wireless communications provider’s stock after acquiring an additional 17,320 shares during the quarter. Louisbourg Investments Inc.’s holdings in TELUS were worth $428,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Walter Public Investments Inc. lifted its holdings in TELUS by 1.9% during the third quarter. Walter Public Investments Inc. now owns 38,161 shares of the Wireless communications provider’s stock worth $640,000 after acquiring an additional 708 shares during the period. Trust Co. of Vermont raised its stake in shares of TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after buying an additional 1,218 shares during the period. Blue Trust Inc. raised its stake in shares of TELUS by 58.0% in the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock valued at $67,000 after buying an additional 1,468 shares during the period. Public Sector Pension Investment Board raised its stake in shares of TELUS by 2.0% in the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider’s stock valued at $1,297,000 after buying an additional 1,500 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of TELUS by 195,100.0% in the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 1,951 shares during the period. 49.40% of the stock is currently owned by institutional investors.

TELUS Price Performance

Shares of NYSE TU opened at $14.57 on Wednesday. The stock has a market cap of $21.85 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 4.85 and a beta of 0.75. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $18.16. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. The stock has a fifty day moving average of $14.25 and a 200-day moving average of $15.46.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley assumed coverage on TELUS in a research note on Monday, December 16th. They issued an “equal weight” rating on the stock. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. National Bank Financial cut TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. Finally, StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.