TELUS International (Cda) Inc. (NYSE:TIXT) Given Consensus Rating of “Hold” by Brokerages

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been given an average rating of “Hold” by the eighteen analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.21.

TIXT has been the subject of several recent analyst reports. TD Securities upped their price objective on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Stifel Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Stifel Nicolaus started coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They issued a “buy” rating and a $5.00 price target for the company.

Institutional Investors Weigh In On TELUS International (Cda)

A number of hedge funds have recently made changes to their positions in TIXT. JPMorgan Chase & Co. acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth about $24,223,000. Mackenzie Financial Corp grew its holdings in TELUS International (Cda) by 31.1% during the 4th quarter. Mackenzie Financial Corp now owns 10,868,451 shares of the company’s stock worth $42,673,000 after acquiring an additional 2,578,241 shares during the last quarter. Medina Value Partners LLC bought a new stake in TELUS International (Cda) during the 4th quarter worth about $8,211,000. Arrowstreet Capital Limited Partnership grew its holdings in TELUS International (Cda) by 209.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock worth $8,222,000 after acquiring an additional 1,418,119 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew its holdings in TELUS International (Cda) by 256.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after acquiring an additional 1,310,287 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Price Performance

NYSE TIXT opened at $2.87 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.67. The company has a market cap of $787.88 million, a P/E ratio of -8.19, a P/E/G ratio of 4.71 and a beta of 0.72. TELUS International has a 1 year low of $2.61 and a 1 year high of $8.99.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The firm had revenue of $691.00 million for the quarter, compared to the consensus estimate of $672.44 million. TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. On average, sell-side analysts predict that TELUS International will post 0.32 EPS for the current year.

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.