Toronto Dominion Bank Buys 3,302 Shares of TELUS International (Cda) Inc. (NYSE:TIXT)

Toronto Dominion Bank grew its holdings in TELUS International (Cda) Inc. (NYSE:TIXT) by 32.2% during the third quarter, HoldingsChannel.com reports. The firm owned 13,544 shares of the company’s stock after acquiring an additional 3,302 shares during the quarter. Toronto Dominion Bank’s holdings in TELUS International (Cda) were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TIXT. Morgan Stanley purchased a new stake in TELUS International (Cda) in the first quarter worth $109,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in TELUS International (Cda) by 609.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,368 shares of the company’s stock worth $49,541,000 after purchasing an additional 1,370,368 shares during the period. Picton Mahoney Asset Management purchased a new stake in TELUS International (Cda) in the second quarter worth $1,026,000. Deutsche Bank AG purchased a new stake in TELUS International (Cda) in the second quarter worth $59,000. Finally, Mackenzie Financial Corp purchased a new stake in TELUS International (Cda) in the second quarter worth $264,203,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

TIXT opened at $29.35 on Friday. The business’s 50-day moving average is $33.12 and its two-hundred day moving average is $33.45. TELUS International has a 1 year low of $26.92 and a 1 year high of $39.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $7.80 billion and a PE ratio of 117.40.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Friday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). TELUS International (Cda) had a net margin of 3.09% and a return on equity of 13.10%. The company had revenue of $556.00 million during the quarter, compared to analysts’ expectations of $557.69 million. As a group, sell-side analysts expect that TELUS International will post 0.77 EPS for the current year.

A number of analysts have weighed in on TIXT shares. Citigroup upgraded TELUS International (Cda) from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $40.00 to $36.00 in a research note on Friday. TD Securities increased their target price on TELUS International (Cda) from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 9th. Royal Bank of Canada raised their price target on TELUS International (Cda) from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, November 8th. Zacks Investment Research lowered TELUS International (Cda) from a “buy” rating to a “hold” rating in a research note on Wednesday, November 17th. Finally, Barclays raised their price target on TELUS International (Cda) from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $37.87.

About TELUS International (Cda)

TELUS International (Cda) Inc provides customer experience and digital business services in Europe, North America, the Asia-Pacific, and the Central America. It offers digital experience solutions, such as AI and bots, omnichannel CX, mobility solutions, cloud contact center, big data, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, customer care, technical support, sales growth and retention, and healthcare/patient experience.

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Institutional Ownership by Quarter for TELUS International (Cda) (NYSE:TIXT)

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