TELUS (NYSE:TU) (TSE:T) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued on Wednesday, The Fly reports. The stock has a market cap of $21.96 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 2.13 and a beta of 0.80. The Wireless communications provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Several institutional investors have recently made changes to their positions in TU. Northwest Bancshares Inc. increased its position in TELUS by 8.9% in the 3rd quarter. Northwest Bancshares Inc. now owns 58,610 shares of the Wireless communications provider’s stock valued at $2,159,000 after acquiring an additional 4,789 shares in the last quarter.
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