Bank Of Nova Scotia Trust Company Increases Stake in Telus Corp (TU)

October 13, 2017 - By Migdalia James

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 $21.27B 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 $876.16 million US Long portfolio, decreased its stake in Bce Inc (NYSE:BCE) by 148,009 shares to 917,462 shares, valued at $41.32M in 2017Q2, according to the filing.

More notable recent TELUS Corporation (USA) (NYSE:TU) news were published by: Fool.ca which released: “Better Buy: BCE Inc. or Telus Corporation?” on September 11, 2017, also Fool.ca with their article: “Telus Corporation: Spending on Fibre-Optic Networks Is a Game Changer” published on October 04, 2017, Fool.ca published: “3 Reasons Wireless Demand Can Carry Telus Corporation to New Heights” on August 24, 2017. More interesting news about TELUS Corporation (USA) (NYSE:TU) were released by: Fool.ca and their article: “Telus Corporation and Rogers Communications Inc. Are Feeling the Pressure …” published on July 05, 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. The firm earned “Buy” rating on Monday, August 10 by Canaccord Genuity. The stock of TELUS Corporation (USA) (NYSE:TU) has “Outperform” rating given on Tuesday, January 26 by Macquarie Research. The stock has “Sector Outperform” rating by IBC on Wednesday, April 5. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, December 17. The firm has “Overweight” rating given on Monday, August 14 by Barclays Capital. 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. The stock has “Outperform” rating by RBC Capital Markets on Monday, August 10. Desjardins Securities upgraded the stock to “Buy” rating in Thursday, August 11 report. The company was downgraded on Wednesday, March 23 by TD Securities.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.