TELUS Corporation (TU) Stake Lowered by Wells Fargo & Company MN

Telus Corp. said Friday that its second-quarter wireless revenue was $1.85 billion including a 7.2 per cent increase in network revenue supported by the addition of 99,000 contract subscribers during the quarter

Telus Corp. said Friday that its second-quarter wireless revenue was $1.85 billion including a 7.2 per cent increase in network revenue supported by the addition of 99,000 contract subscribers during the quarter

Press articles about TELUS Corporation (NYSE:TU) (TSE:T) have been gaining positive last few days, Accern reports.

Wireless revenue was $1.85 billion, which included a 7.2 per cent increase in network revenue supported by the addition of 99,000 contract subscribers during the quarter. NN Investment Partners Holdings N.V.'s holdings in TELUS Corporation were worth $1,216,000 at the end of the most recent quarter. Raymond James Trust N.A. now owns 6,854 shares of the Wireless communications provider's stock worth $222,000 after buying an additional 465 shares during the last quarter. The stock's market capitalization is 21.09B. Next quarter's EPS is forecasted to be $0.54 with next year's EPS anticipated to be $2.27. The firm's quarterly revenue was up 4.0% compared to the same quarter previous year. About shares traded. TELUS Corporation (USA) (NYSE:TU) has risen 9.57% since August 9, 2016 and is uptrending. The firm owned 4,711 shares of the Wireless communications provider's stock after selling 4,153 shares during the period.

Several hedge funds and other institutional investors have recently bought and sold shares of TU. The stock has a 50 day moving average of $35.40 and a 200-day moving average of $33.69. Finally, Gulf International Bank UK Ltd increased its stake in TELUS Corporation by 1.1% in the first quarter. As of the end of the quarter Public Sector Pension Investment Board had acquired 227,400 shares growing its position 24.0%.

Among 5 analysts covering Telus (TSE:T), 2 have Buy rating, 0 Sell and 3 Hold. The value of the total investment in Telus Corporation Ordinary Shar increased from $30,682,000 to $40,515,000 increasing 32.0% for the reporting period. TELUS Corporation earned a news impact score of 0.28 on Accern's range. Morgan Stanley raised their price target on TELUS from C$44.00 to C$46.00 in a report on Wednesday, May 17th. Finally, CIBC upgraded shares of TELUS from a "neutral" rating to an "outperform" rating in a report on Wednesday, April 5th. Investors of record on Friday, September 8th will be issued a $0.3884 dividend. This dividend represents a yield of $4.50. If you are accessing this report on another site, it was illegally stolen and republished in violation of global copyright laws. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/08/09/sei-investments-co-buys-121-shares-of-telus-corporation-nysetu.html. Canaccord Genuity restated a "buy" rating and issued a $47.00 price objective on shares of TELUS Corporation in a research report on Monday, May 8th. BidaskClub upgraded TELUS Corporation from a "hold" rating to a "buy" rating in a report on Tuesday, June 20th. The stock has an average rating of Buy and an average target price of C$47.44. The companys telecommunications products and services comprise wireless and wireline voice and data; data services, including Internet protocol; television; hosting, managed information technology, and cloud-based services; healthcare solutions; and business process outsourcing solutions.

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