Medina Value Partners LLC Buys Shares of 2,094,702 TELUS International (Cda) Inc. (NYSE:TIXT)

Medina Value Partners LLC purchased a new position in shares of TELUS International (Cda) Inc. (NYSE:TIXT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,094,702 shares of the company’s stock, valued at approximately $8,211,000. TELUS International (Cda) comprises approximately 3.4% of Medina Value Partners LLC’s portfolio, making the stock its 13th biggest holding. Medina Value Partners LLC owned approximately 0.76% of TELUS International (Cda) as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TIXT. Charles Schwab Investment Management Inc. grew its holdings in TELUS International (Cda) by 192.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 158,732 shares of the company’s stock valued at $620,000 after purchasing an additional 104,430 shares during the period. Jane Street Group LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at approximately $3,257,000. XTX Topco Ltd increased its holdings in TELUS International (Cda) by 148.9% in the 3rd quarter. XTX Topco Ltd now owns 82,199 shares of the company’s stock worth $321,000 after acquiring an additional 49,178 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in TELUS International (Cda) during the 3rd quarter worth approximately $96,000. Finally, Public Employees Retirement System of Ohio purchased a new position in TELUS International (Cda) during the third quarter valued at approximately $115,000. Institutional investors own 59.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TIXT. TD Securities raised their price objective on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Stifel Nicolaus assumed coverage on TELUS International (Cda) in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.00.

TELUS International (Cda) Stock Down 0.4 %

Shares of NYSE:TIXT opened at $2.44 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $2.89 and a two-hundred day simple moving average of $3.47. TELUS International has a 1 year low of $2.13 and a 1 year high of $8.52. The firm has a market capitalization of $672.59 million, a PE ratio of -6.97, a price-to-earnings-growth ratio of 4.71 and a beta of 0.71.

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 the consensus estimate of ($0.01) by ($0.03). The company had revenue of $691.00 million for the quarter, compared to the consensus estimate of $672.44 million. TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. On average, equities analysts predict that TELUS International will post 0.32 EPS 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.