Telus Corp (TU) Shareholder Bank Of Nova Scotia Trust Company Raised Stake

October 13, 2017 - By Dolores Ford

Bank Of Nova Scotia Trust Company increased its stake in Telus Corp (TU) by 42.73% based on its latest 2017Q2 regulatory filing with the SEC. Bank Of Nova Scotia Trust Company bought 194,532 shares as the company’s stock rose 0.66% with the market. The institutional investor held 649,798 shares of the telecommunications equipment company at the end of 2017Q2, valued at $22.43 million, up from 455,266 at the end of the previous reported quarter. Bank Of Nova Scotia Trust Company who had been investing in Telus Corp for a number of months, seems to be bullish on the $21.27 billion market cap company. The stock rose 0.03% or $0.01 reaching $36.04 per share. About 388,156 shares traded or 9.70% up from the average. TELUS Corporation (USA) (NYSE:TU) has risen 9.57% since October 13, 2016 and is uptrending. It has underperformed by 7.13% the S&P500.

Bank Of Nova Scotia Trust Company, which manages about $876.16M US Long portfolio, decreased its stake in Royal Bk Cda Montreal Que (NYSE:RY) by 77,808 shares to 1.51M shares, valued at $109.78 million in 2017Q2, according to the filing.

More notable recent TELUS Corporation (USA) (NYSE:TU) news were published by: Fool.ca which released: “Telus Corporation Results: Does the Miss Really Matter?” on August 18, 2017, also Fool.ca with their article: “3 Reasons Wireless Demand Can Carry Telus Corporation to New Heights” published on August 24, 2017, Fool.ca published: “Telus Corporation: Spending on Fibre-Optic Networks Is a Game Changer” on October 04, 2017. More interesting news about TELUS Corporation (USA) (NYSE:TU) were released by: Fool.ca and their article: “Why Telus Corporation Is Down Over 1%” published on August 11, 2017 as well as Fool.ca‘s news article titled: “Telus Corporation: Trouble in Paradise?” with publication date: August 22, 2017.

TELUS Corporation (USA) (NYSE:TU) Ratings Coverage

Among 10 analysts covering Telus Corporation (NYSE:TU), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Telus Corporation had 14 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating given on Tuesday, February 7 by National Bank Canada. On Friday, December 4 the stock rating was initiated by Goldman Sachs with “Neutral”. The firm has “Buy” rating by Desjardins Securities given on Thursday, August 11. RBC Capital Markets downgraded the shares of TU in report on Thursday, December 17 to “Sector Perform” rating. BMO Capital Markets maintained TELUS Corporation (USA) (NYSE:TU) rating on Monday, August 14. BMO Capital Markets has “Outperform” rating and $47 target. The stock of TELUS Corporation (USA) (NYSE:TU) has “Buy” rating given on Monday, August 10 by Canaccord Genuity. Barclays Capital maintained the shares of TU in report on Monday, August 14 with “Overweight” rating. On Thursday, January 5 the stock rating was upgraded by Canaccord Genuity to “Buy”. The firm has “Outperform” rating given on Tuesday, January 26 by Macquarie Research.

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