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

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.10.

Several research analysts have recently commented on TIXT shares. CIBC reduced their target price on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Scotiabank downgraded shares of TELUS International (Cda) from a “sector outperform” rating to a “sector perform” rating and set a $10.00 target price for the company. in a report on Friday. Canaccord Genuity Group reduced their price objective on TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup reduced their price target on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Finally, Guggenheim began coverage on shares of TELUS International (Cda) in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $9.00 target price for the company.

TELUS International (Cda) Trading Down 1.4 %

Shares of NYSE:TIXT traded down $0.09 during mid-day trading on Wednesday, reaching $6.27. The stock had a trading volume of 251,703 shares, compared to its average volume of 217,034. TELUS International has a twelve month low of $6.03 and a twelve month high of $17.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. The firm has a market cap of $669.82 million, a PE ratio of 42.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.86. The firm has a 50 day simple moving average of $8.45 and a two-hundred day simple moving average of $8.36.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The business had revenue of $657.00 million for the quarter, compared to analysts’ expectations of $675.33 million. During the same quarter in the previous year, the business posted $0.24 EPS. TELUS International (Cda)’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, research analysts predict that TELUS International will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Capital Research Global Investors boosted its holdings in TELUS International (Cda) by 5.2% during the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock worth $119,621,000 after acquiring an additional 689,468 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of TELUS International (Cda) during the 4th quarter worth approximately $26,554,000. 1832 Asset Management L.P. grew its holdings in shares of TELUS International (Cda) by 23.9% in the fourth 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. Forge First Asset Management Inc. purchased a new stake in shares of TELUS International (Cda) during the first quarter valued at approximately $2,758,000. Finally, TD Asset Management Inc grew its stake in TELUS International (Cda) by 7.6% in the 3rd quarter. TD Asset Management Inc now owns 297,208 shares of the company’s stock valued at $2,271,000 after purchasing an additional 20,919 shares during the period. 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.