As Telus Corp (TU) Share Price Rose, Bank Of Nova Scotia Trust Company Has Upped by $6.61 Million Its Position

October 13, 2017 - By Kurt Siggers

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 $22.43M, 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 $21.27 billion 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 Magna Intl Inc (NYSE:MGA) by 74,903 shares to 61,059 shares, valued at $2.83 million in 2017Q2, according to the filing.

More notable recent TELUS Corporation (USA) (NYSE:TU) news were published by: Fool.ca which released: “Telus Corporation: Trouble in Paradise?” on August 22, 2017, also Fool.ca with their article: “Better Buy: BCE Inc. or Telus Corporation?” published on September 11, 2017, Fool.ca published: “Telus Corporation and Rogers Communications Inc. Are Feeling the Pressure …” on July 05, 2017. More interesting news about TELUS Corporation (USA) (NYSE:TU) were released by: Fool.ca and their article: “Why Telus Corporation Is Down Over 1%” published on August 11, 2017 as well as Fool.ca‘s news article titled: “Telus Corporation Results: Does the Miss Really Matter?” with publication date: August 18, 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 has “Outperform” rating given on Tuesday, January 26 by Macquarie Research. Desjardins Securities upgraded TELUS Corporation (USA) (NYSE:TU) on Thursday, August 11 to “Buy” rating. The firm has “Outperform” rating given on Monday, August 14 by BMO Capital Markets. The firm has “Sector Perform” rating given on Thursday, December 17 by RBC Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Monday, August 10. Barclays Capital maintained the stock with “Overweight” rating in Monday, August 14 report. The stock of TELUS Corporation (USA) (NYSE:TU) earned “Buy” rating by Canaccord Genuity on Monday, August 10. The stock of TELUS Corporation (USA) (NYSE:TU) earned “Outperform” rating by RBC Capital Markets on Friday, November 6. The firm has “Outperform” rating by National Bank Canada given on Tuesday, February 7. IBC upgraded TELUS Corporation (USA) (NYSE:TU) on Wednesday, April 5 to “Sector Outperform” rating.

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