TELUS International (Cda) Inc. (NYSE:TIXT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in TELUS International (Cda) Inc. (NYSE:TIXT) by 32.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,322 shares of the company’s stock after acquiring an additional 4,973 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TELUS International (Cda) were worth $117,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its position in shares of TELUS International (Cda) by 49.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,341 shares of the company’s stock worth $166,000 after acquiring an additional 6,406 shares during the period. Aristides Capital LLC acquired a new position in shares of TELUS International (Cda) during the 4th quarter worth about $184,000. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of TELUS International (Cda) by 12.1% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock worth $514,000 after purchasing an additional 6,560 shares during the last quarter. Scotia Capital Inc. raised its position in shares of TELUS International (Cda) by 432.0% during the 4th quarter. Scotia Capital Inc. now owns 82,021 shares of the company’s stock worth $700,000 after purchasing an additional 66,603 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in TELUS International (Cda) by 12.4% during the 1st quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company’s stock valued at $809,000 after acquiring an additional 10,501 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TIXT shares. William Blair cut shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. TD Securities restated a “hold” rating and issued a $3.75 price objective (down from $10.00) on shares of TELUS International (Cda) in a report on Tuesday, August 6th. Scotiabank decreased their price objective on shares of TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. CIBC lowered shares of TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, August 6th. Finally, Cibc World Mkts lowered shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.55.

TELUS International (Cda) Price Performance

TELUS International (Cda) stock opened at $3.64 on Wednesday. The company has a market cap of $388.86 million, a price-to-earnings ratio of 24.27, a PEG ratio of 1.17 and a beta of 0.68. The firm has a 50 day moving average price of $4.69 and a 200 day moving average price of $6.52. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.09. TELUS International has a 1 year low of $2.83 and a 1 year high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $652.00 million during the quarter, compared to analyst estimates of $682.32 million. TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. Sell-side analysts predict that TELUS International will post 0.44 earnings per share for the current year.

TELUS International (Cda) Company Profile

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.