Cardinal Capital Management Cut Telus Corp. (TU) Stake By $2.84 Million; The Kraft Heinz Company (KHC) Shorts Increased By 1.83%

April 17, 2018 - By Dolores Ford

TELUS Corporation (NYSE:TU) Logo

The Kraft Heinz Company (NASDAQ:KHC) had an increase of 1.83% in short interest. KHC’s SI was 24.63 million shares in April as released by FINRA. Its up 1.83% from 24.19 million shares previously. With 6.35 million avg volume, 4 days are for The Kraft Heinz Company (NASDAQ:KHC)’s short sellers to cover KHC’s short positions. The SI to The Kraft Heinz Company’s float is 2.76%. The stock increased 0.44% or $0.27 during the last trading session, reaching $61.19. About 4.86M shares traded. The Kraft Heinz Company (NASDAQ:KHC) has declined 33.48% since April 17, 2017 and is downtrending. It has underperformed by 45.03% the S&P500.

Cardinal Capital Management Inc decreased Telus Corp. (TU) stake by 5.13% reported in 2017Q4 SEC filing. Cardinal Capital Management Inc sold 74,725 shares as Telus Corp. (TU)’s stock declined 7.79%. The Cardinal Capital Management Inc holds 1.38 million shares with $52.58M value, down from 1.46M last quarter. Telus Corp. now has $20.30 billion valuation. The stock increased 0.54% or $0.19 during the last trading session, reaching $35.45. About 224,423 shares traded. TELUS Corporation (NYSE:TU) has risen 7.22% since April 17, 2017 and is uptrending. It has underperformed by 4.33% the S&P500.

Analysts await TELUS Corporation (NYSE:TU) to report earnings on May, 10 before the open. They expect $0.59 EPS, up 5.36% or $0.03 from last year’s $0.56 per share. TU’s profit will be $337.82 million for 15.02 P/E if the $0.59 EPS becomes a reality. After $0.43 actual EPS reported by TELUS Corporation for the previous quarter, Wall Street now forecasts 37.21% EPS growth.

Among 12 analysts covering Telus Corporation (NYSE:TU), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Telus Corporation had 19 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, November 21 the stock rating was maintained by Bank of America with “Neutral”. Desjardins Securities upgraded the stock to “Buy” rating in Thursday, August 11 report. The stock has “Overweight” rating by Barclays Capital on Monday, August 14. TD Securities downgraded TELUS Corporation (NYSE:TU) on Wednesday, March 23 to “Hold” rating. The company was upgraded on Wednesday, April 5 by IBC. National Bank Canada upgraded the stock to “Outperform” rating in Tuesday, February 7 report. The rating was maintained by Barclays Capital on Friday, November 10 with “Overweight”. The stock has “Neutral” rating by Goldman Sachs on Friday, December 4. The company was upgraded on Tuesday, January 26 by Macquarie Research. RBC Capital Markets upgraded it to “Outperform” rating and $51 target in Friday, November 10 report.

Among 21 analysts covering Kraft Heinz (NASDAQ:KHC), 15 have Buy rating, 2 Sell and 4 Hold. Therefore 71% are positive. Kraft Heinz had 58 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, July 30 the stock rating was upgraded by Bernstein to “Outperform”. The rating was maintained by Susquehanna on Friday, August 26 with “Positive”. The firm has “Buy” rating by Stifel Nicolaus given on Monday, August 14. The rating was initiated by Susquehanna on Monday, October 26 with “Neutral”. The stock has “Buy” rating by Credit Suisse on Monday, February 26. Deutsche Bank initiated The Kraft Heinz Company (NASDAQ:KHC) rating on Wednesday, February 15. Deutsche Bank has “Buy” rating and $103 target. On Monday, April 16 the stock rating was downgraded by Credit Suisse to “Underperform”. The stock of The Kraft Heinz Company (NASDAQ:KHC) has “Buy” rating given on Friday, October 13 by UBS. The stock of The Kraft Heinz Company (NASDAQ:KHC) earned “Buy” rating by Stifel Nicolaus on Monday, October 23. As per Tuesday, February 20, the company rating was maintained by Credit Suisse.

The Kraft Heinz Company (NASDAQ:KHC) Ratings Chart

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