Mackenzie Financial Corp raised its stake in TELUS International (Cda) Inc. (NYSE:TIXT – Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,440,050 shares of the company’s stock after buying an additional 472,103 shares during the quarter. Mackenzie Financial Corp owned approximately 0.08% of TELUS International (Cda) worth $48,744,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Scotia Capital Inc. increased its position in TELUS International (Cda) by 432.0% during the fourth 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. Alberta Investment Management Corp increased its holdings in shares of TELUS International (Cda) by 948.9% during the 4th quarter. Alberta Investment Management Corp now owns 137,400 shares of the company’s stock worth $1,186,000 after buying an additional 124,300 shares during the last quarter. Capital Research Global Investors raised its position in shares of TELUS International (Cda) by 5.2% during the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock valued at $119,621,000 after buying an additional 689,468 shares during the period. 1832 Asset Management L.P. lifted its holdings in TELUS International (Cda) by 23.9% in the fourth quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock valued at $10,474,000 after acquiring an additional 235,500 shares during the last quarter. Finally, Aristides Capital LLC purchased a new position in TELUS International (Cda) in the fourth quarter worth approximately $184,000. 59.55% of the stock is owned by institutional investors and hedge funds.
TELUS International (Cda) Trading Up 5.0 %
TIXT opened at $3.79 on Friday. The business has a fifty day moving average price of $4.04 and a 200 day moving average price of $5.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.09 and a quick ratio of 1.09. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51. The stock has a market capitalization of $404.89 million, a price-to-earnings ratio of 25.27, a PEG ratio of 1.16 and a beta of 0.68.
Analyst Upgrades and Downgrades
A number of research firms have commented on TIXT. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. cut shares of TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 target price on the stock. in a research report on Wednesday, July 17th. Barclays dropped their price target on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. William Blair lowered shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada downgraded shares of TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $10.00 to $5.00 in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, TELUS International (Cda) has a consensus rating of “Hold” and a consensus price target of $7.55.
Get Our Latest Report on TELUS International (Cda)
TELUS International (Cda) 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.
See Also
- Five stocks we like better than TELUS International (Cda)
- How to Start Investing in Real Estate
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Are Penny Stocks a Good Fit for Your Portfolio?
- MarketBeat Week in Review – 9/23 – 9/27
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Want to see what other hedge funds are holding TIXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TELUS International (Cda) Inc. (NYSE:TIXT – Free Report).
Receive News & Ratings for TELUS International (Cda) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS International (Cda) and related companies with MarketBeat.com's FREE daily email newsletter.