TELUS International (Cda) Inc. (NYSE:TIXT) Shares Purchased by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co increased its position in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,135 shares of the company’s stock after acquiring an additional 8,350 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in TELUS International (Cda) were worth $220,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in TELUS International (Cda) during the third quarter worth about $54,000. Walleye Capital LLC acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at $60,000. PFW Advisors LLC acquired a new position in shares of TELUS International (Cda) in the 4th quarter valued at $67,000. Blue Trust Inc. boosted its position in shares of TELUS International (Cda) by 15.1% in the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after purchasing an additional 2,948 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at $96,000. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Trading Down 6.0 %

Shares of NYSE TIXT opened at $3.36 on Friday. TELUS International has a one year low of $2.83 and a one 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 company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $3.72 and a two-hundred day moving average price of $3.70.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $672.44 million. As a group, analysts predict that TELUS International will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

TIXT has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They issued a “buy” rating and a $5.00 price target for the company. TD Securities increased their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Stifel Canada upgraded TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, TELUS International (Cda) currently has an average rating of “Hold” and an average target price of $7.21.

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.