TELUS International (Cda) (NYSE:TIXT) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) (NYSE:TIXT) in a research note issued to investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $5.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 48.81% from the company’s previous close.

Separately, Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.20.

TELUS International (Cda) Trading Up 1.5 %

NYSE TIXT opened at $3.36 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The firm’s fifty day simple moving average is $3.77 and its 200-day simple moving average is $4.11. The company has a market capitalization of $924 million, a PE ratio of -67.20, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.10 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. As a group, sell-side analysts anticipate that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PFW Advisors LLC bought a new position in TELUS International (Cda) during the fourth quarter worth $67,000. JPMorgan Chase & Co. acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth approximately $24,223,000. DGS Capital Management LLC boosted its stake in TELUS International (Cda) by 16.4% during the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock worth $144,000 after buying an additional 5,164 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at $54,000. Finally, Barclays PLC lifted its holdings in shares of TELUS International (Cda) by 118.8% during the 3rd quarter. Barclays PLC now owns 30,629 shares of the company’s stock worth $120,000 after acquiring an additional 16,629 shares during the period. Institutional investors and hedge funds 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.