Community Bank & Trust Waco Texas Purchases 5,988 Shares of TELUS Co. (NYSE:TU)

Community Bank & Trust Waco Texas increased its position in TELUS Co. (NYSE:TU) (TSE:T) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,909 shares of the Wireless communications provider’s stock after purchasing an additional 5,988 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in TELUS were worth $609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TU. Sanctuary Advisors LLC bought a new position in TELUS in the second quarter worth approximately $680,000. SG Americas Securities LLC bought a new position in TELUS in the third quarter worth approximately $390,000. Walter Public Investments Inc. grew its stake in TELUS by 1.9% in the third quarter. Walter Public Investments Inc. now owns 38,161 shares of the Wireless communications provider’s stock worth $640,000 after purchasing an additional 708 shares in the last quarter. Trust Co. of Vermont grew its stake in TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in TELUS by 58.0% in the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock worth $67,000 after purchasing an additional 1,468 shares in the last quarter. Institutional investors own 49.40% of the company’s stock.

TELUS Stock Up 0.5 %

TELUS stock opened at $14.48 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 4.85 and a beta of 0.75. TELUS Co. has a 1-year low of $13.24 and a 1-year high of $18.16. The business has a fifty day moving average price of $14.30 and a 200-day moving average price of $15.48.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. Equities research analysts forecast that TELUS Co. will post 0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TU has been the topic of several research analyst reports. Morgan Stanley initiated coverage on TELUS in a research note on Monday, December 16th. They issued an “equal weight” rating on the stock. National Bank Financial cut TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.00.

About TELUS

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.