Analysts Set TELUS International (Cda) Inc. (NYSE:TIXT) PT at $7.55

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have received a consensus recommendation of “Reduce” from the sixteen research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.55.

Several brokerages have recently weighed in on TIXT. Cibc World Mkts downgraded shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Robert W. Baird decreased their price objective on shares of TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Bank of America lowered TELUS International (Cda) from a “buy” rating to an “underperform” rating and dropped their target price for the company from $11.00 to $4.00 in a research report on Monday, August 5th. William Blair downgraded TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Finally, TD Cowen cut TELUS International (Cda) from a “buy” rating to a “hold” rating and dropped their price objective for the company from $10.00 to $3.75 in a report on Tuesday, August 6th.

TELUS International (Cda) Stock Down 2.2 %

Shares of NYSE:TIXT opened at $3.51 on Friday. The company has a 50-day moving average price of $4.14 and a 200 day moving average price of $6.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51. The company has a market cap of $374.97 million, a price-to-earnings ratio of 23.40, a PEG ratio of 1.10 and a beta of 0.68.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Friday, August 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The company had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $682.32 million. During the same quarter last year, the firm posted $0.16 EPS. TELUS International (Cda)’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities research analysts predict that TELUS International will post 0.44 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

Hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC bought a new position in shares of TELUS International (Cda) in the 4th quarter worth $26,554,000. Capital Research Global Investors lifted its position in shares of TELUS International (Cda) by 5.2% during the fourth 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 last quarter. Mackenzie Financial Corp boosted its holdings in shares of TELUS International (Cda) by 5.9% in the 2nd quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after buying an additional 472,103 shares in the last quarter. Forge First Asset Management Inc. purchased a new position in shares of TELUS International (Cda) in the 1st quarter worth approximately $2,758,000. Finally, 1832 Asset Management L.P. raised its stake in shares of TELUS International (Cda) by 23.9% during the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock worth $10,474,000 after acquiring an additional 235,500 shares in the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Company 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.