Tdam USA Inc. continued to hold its stake in TELUS Corporation (NYSE:TU) (TSE:T) during the second quarter, Holdings Channel reports. The fund owned 6,957 shares of the Wireless communications provider’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in TELUS Corporation were worth $240,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Korea Investment CORP purchased a new stake in TELUS Corporation during the first quarter valued at about $156,000. Chicago Partners Investment Group LLC purchased a new stake in TELUS Corporation during the second quarter valued at about $156,000. Perkins Coie Trust Co purchased a new stake in TELUS Corporation during the second quarter valued at about $173,000. Mckinley Capital Management LLC Delaware purchased a new stake in TELUS Corporation during the first quarter valued at about $193,000. Finally, Kassirer Asset Management Corp purchased a new stake in TELUS Corporation during the second quarter valued at about $209,000. Hedge funds and other institutional investors own 52.53% of the company’s stock.

Shares of TELUS Corporation (NYSE TU) opened at 35.68 on Friday. The firm’s 50 day moving average is $35.36 and its 200-day moving average is $33.67. The firm has a market capitalization of $21.09 billion, a PE ratio of 20.83 and a beta of 0.89. TELUS Corporation has a 12 month low of $30.31 and a 12 month high of $36.77.

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Several equities research analysts recently issued reports on the stock. Canaccord Genuity restated a “buy” rating and set a $47.00 price objective on shares of TELUS Corporation in a research report on Monday, May 8th. BidaskClub upgraded shares of TELUS Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research upgraded shares of TELUS Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $41.33.

TELUS Corporation Company Profile

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

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Institutional Ownership by Quarter for TELUS Corporation (NYSE:TU)

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