Summary: TELUS Corporation stock (TU) has recently been upgraded from a sell rating to a hold rating by StockNews.com. Additionally, several other brokerages have also recently made changes to their ratings for TU. Public Sector Pension Investment Board, Nordea Investment Management AB, Invesco Ltd., Balentine LLC, Natixis Advisors L.P., Aigen Investment Management LP, Deutsche Bank AG, Janney Montgomery Scott LLC, and Pearl River Capital LLC have all made adjustments to their holdings in TU.
Forecast:
– Weekly Forecast: 🟢 (+4.0%)
– Monthly Forecast: 🟢 (+3.5%)
Recent News and Impact on Price:
– StockNews.com upgraded shares of TELUS (TU) from a sell rating to a hold rating. This positive news could lead to an increase in investor confidence and potentially drive the stock price higher. 📈
– Public Sector Pension Investment Board trimmed its holdings in TU by 16.4% in the 3rd quarter. This could signal a lack of confidence in the stock, potentially leading to a decrease in price. 📉
– Nordea Investment Management AB lessened its position in TU by 6.9% in the 3rd quarter. This could further contribute to a potential decrease in price as institutional investors reduce their holdings. 📉
– Invesco Ltd. lifted its stake in TU by 14.1% during the third quarter. This increase in stake could indicate a positive outlook for the stock and potentially drive the price higher. 📈
– Balentine LLC acquired a new position in TU during the 3rd quarter, which could indicate a bullish sentiment and potentially drive the price higher. 📈
– StockNews.com cut shares of TELUS (TU) from a hold rating to a sell rating. This downgrade could lead to a decrease in investor confidence and potentially drive the stock price lower. 📉
– Natixis Advisors L.P. decreased its holdings in TU by 11.8% during the 3rd quarter. This decrease in holdings could signal a lack of confidence in the stock and potentially lead to a decrease in price. 📉
– Aigen Investment Management LP lowered its holdings in TU by 43.0% during the 3rd quarter. This significant decrease in holdings could contribute to a potential decrease in price as institutional investors pull back. 📉
– Deutsche Bank AG cut its stake in TU by 22.3% in the third quarter. This reduction in stake could signal a lack of confidence in the stock and potentially lead to a decrease in price. 📉
– Janney Montgomery Scott LLC reduced its position in TU by 19.7% during the third quarter. This reduction in position could contribute to a potential decrease in price as institutional investors pull back. 📉
– Pearl River Capital LLC bought a new stake in TU in the 3rd quarter. This new investment could indicate a bullish sentiment and potentially drive the price higher. 📈
– Zacks Research cut their Q1 2024 earnings per share (EPS) estimates for shares of TELUS. This negative outlook could lead to a decrease in investor confidence and potentially drive the stock price lower. 📉
In conclusion, the recent news surrounding TELUS Corporation stock (TU) has been mixed, with both positive and negative developments impacting investor sentiment. It will be important to monitor how these changes in ratings and holdings ultimately affect the stock price in the coming weeks.
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