Medina Value Partners LLC Purchases New Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Medina Value Partners LLC acquired a new stake in shares of TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,094,702 shares of the company's stock, valued at approximately $8,211,000. TELUS International (Cda) makes up 3.4% of Medina Value Partners LLC's investment portfolio, making the stock its 13th biggest position. Medina Value Partners LLC owned 0.76% of TELUS International (Cda) as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of TIXT. Wells Fargo & Company MN grew its position in TELUS International (Cda) by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company's stock valued at $1,244,000 after acquiring an additional 3,397 shares during the period. Franklin Resources Inc. lifted its holdings in TELUS International (Cda) by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 113,690 shares of the company's stock valued at $446,000 after purchasing an additional 3,667 shares during the last quarter. DGS Capital Management LLC boosted its position in TELUS International (Cda) by 16.4% in the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company's stock valued at $144,000 after buying an additional 5,164 shares in the last quarter. Blue Trust Inc. grew its stake in TELUS International (Cda) by 27.3% during the fourth quarter. Blue Trust Inc. now owns 28,560 shares of the company's stock worth $112,000 after buying an additional 6,132 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of TELUS International (Cda) by 17.5% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company's stock valued at $220,000 after acquiring an additional 8,350 shares during the last quarter. 59.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TIXT. Stifel Canada raised TELUS International (Cda) to a "strong-buy" rating in a report on Wednesday, January 15th. TD Securities raised their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus initiated coverage on TELUS International (Cda) in a report on Thursday, January 16th. They set a "buy" rating and a $5.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $6.00.

TELUS International (Cda) Stock Up 1.4 %

Shares of NYSE TIXT traded up $0.04 during midday trading on Friday, reaching $2.48. The company's stock had a trading volume of 125,785 shares, compared to its average volume of 400,023. TELUS International has a fifty-two week low of $2.13 and a fifty-two week high of $8.49. The stock has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $3.45. The stock has a market capitalization of $682.23 million, a price-to-earnings ratio of -7.07, a PEG ratio of 4.71 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. Equities research analysts predict that TELUS International will post 0.32 earnings per share 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.