As Telus Corp (TU) Stock Value Rose, Bank Of Nova Scotia Trust Company Has Lifted Stake

October 13, 2017 - By Maria Brooks

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 $876.16M 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: “3 Reasons Wireless Demand Can Carry Telus Corporation to New Heights” on August 24, 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 Ways Telus Corporation Stays Ahead of the Competition” on June 27, 2017. More interesting news about TELUS Corporation (USA) (NYSE:TU) were released by: Fool.ca and their article: “Why Is Telus Corporation Struggling?” published on September 27, 2017 as well as Fool.ca‘s news article titled: “Better Buy: BCE Inc. or Telus Corporation?” with publication date: September 11, 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. Barclays Capital maintained TELUS Corporation (USA) (NYSE:TU) on Monday, August 14 with “Overweight” rating. As per Tuesday, February 7, the company rating was upgraded by National Bank Canada. The stock of TELUS Corporation (USA) (NYSE:TU) has “Buy” rating given on Thursday, January 5 by Canaccord Genuity. Goldman Sachs initiated the stock with “Neutral” rating in Friday, December 4 report. The company was downgraded on Monday, August 10 by Canaccord Genuity. The stock has “Outperform” rating by RBC Capital Markets on Friday, November 6. Desjardins Securities upgraded TELUS Corporation (USA) (NYSE:TU) on Thursday, August 11 to “Buy” rating. The rating was maintained by BMO Capital Markets on Monday, August 14 with “Outperform”. As per Tuesday, January 26, the company rating was upgraded by Macquarie Research. RBC Capital Markets maintained TELUS Corporation (USA) (NYSE:TU) rating on Monday, August 10. RBC Capital Markets has “Outperform” rating and $46.0 target.

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