TELUS International (Cda) Inc. (NYSE:TIXT) Stock Position Raised by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 17.5% in the fourth quarter, Holdings Channel reports. The firm owned 56,135 shares of the company’s stock after buying an additional 8,350 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in TELUS International (Cda) were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIXT. JPMorgan Chase & Co. bought a new position in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $24,223,000. Northwest & Ethical Investments L.P. raised its stake in shares of TELUS International (Cda) by 256.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock valued at $7,110,000 after acquiring an additional 1,310,287 shares in the last quarter. Jane Street Group LLC bought a new position in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $3,257,000. Circumference Group LLC bought a new position in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $2,248,000. Finally, Horrell Capital Management Inc. bought a new position in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $2,248,000. 59.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TIXT shares. Stifel Nicolaus started coverage on TELUS International (Cda) in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 price objective on the stock. TD Securities lifted their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TELUS International (Cda) has a consensus rating of “Hold” and a consensus price target of $7.21.

TELUS International (Cda) Price Performance

Shares of NYSE:TIXT opened at $3.36 on Friday. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The firm has a market capitalization of $922.63 million, a PE ratio of -9.59, a PEG ratio of 4.71 and a beta of 0.67. The business’s 50 day moving average is $3.72 and its 200-day moving average is $3.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The firm had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. Sell-side analysts predict that TELUS International will post 0.32 earnings per share for the current year.

About TELUS International (Cda)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.