A new buy for aggressive investors

Article Excerpt

In February 2021, parent company Telus (page 61) set up its Telus International subsidiary as a separate, publicly listed company and sold shares. So far, the new stock has moved mostly sideways, partly due to the impact of the pandemic on business spending. Even so, its long-term prospects remain bright as the company’s services help businesses improve their customer satisfaction and retention levels. TELUS INTERNATIONAL (CDA) INC. $32 is a buy for aggressive investors. The company (Toronto symbol TIXT; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 266.1 million; Market cap: $8.5 billion; Price-to-sales ratio: 2.9; No dividend paid; TSINetwork Rating: Average; www.telusinternational.com) operates call centres on behalf of over 600 corporate clients in 28 countries. It also helps them manage their computer systems and mobile apps. Europe is its largest market, accounting for 42% of its 2021 revenue, followed by North America (23%), Asia (21%) and Central America (14%). On February 3, 2021, parent company Telus sold shares in Telus International to the public…