TELUS International (Cda) Inc. (NYSE:TIXT) Given Average Recommendation of “Hold” by Analysts

TELUS International (Cda) Inc. (NYSE:TIXTGet Free Report) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the stock, reports. Nine research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $12.83.

TIXT has been the subject of several research reports. CIBC lowered their price objective on shares of TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. BMO Capital Markets dropped their price objective on shares of TELUS International (Cda) from $9.50 to $7.50 and set a “market perform” rating for the company in a research report on Friday, May 10th. Citigroup decreased their price objective on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Guggenheim assumed coverage on TELUS International (Cda) in a research report on Tuesday, March 19th. They set a “neutral” rating and a $9.00 target price for the company. Finally, TheStreet upgraded TELUS International (Cda) from a “d” rating to a “c-” rating in a report on Monday, February 12th.

Read Our Latest Stock Analysis on TELUS International (Cda)

TELUS International (Cda) Stock Down 3.5 %

Shares of TIXT opened at $5.85 on Friday. The company has a market capitalization of $624.96 million, a P/E ratio of 39.00, a PEG ratio of 0.90 and a beta of 0.86. TELUS International has a one year low of $5.79 and a one year high of $16.69. The business’s 50 day simple moving average is $7.87 and its 200-day simple moving average is $8.34. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 1.16.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. TELUS International (Cda) had a return on equity of 11.67% and a net margin of 2.54%. The company had revenue of $657.00 million for the quarter, compared to analyst estimates of $675.33 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. As a group, sell-side analysts predict that TELUS International will post 0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearbridge Investments LLC bought a new position in shares of TELUS International (Cda) during the 4th quarter valued at about $26,554,000. Capital Research Global Investors boosted its holdings in shares of TELUS International (Cda) by 5.2% in 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 period. Forge First Asset Management Inc. bought a new stake in shares of TELUS International (Cda) during the first quarter worth $2,758,000. Quadrature Capital Ltd acquired a new stake in shares of TELUS International (Cda) during the third quarter worth $2,109,000. Finally, 1832 Asset Management L.P. lifted its position in TELUS International (Cda) by 23.9% in the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock valued at $10,474,000 after acquiring an additional 235,500 shares in the last quarter. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Company Profile

(Get Free Report

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.

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Analyst Recommendations for TELUS International (Cda) (NYSE:TIXT)

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