TELUS International (Cda) (NYSE:TIXT) Earns “Hold” Rating from TD Securities

TD Securities reaffirmed their hold rating on shares of TELUS International (Cda) (NYSE:TIXT) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. TD Securities currently has a $3.75 price target on the stock, down from their previous price target of $10.00.

A number of other research firms have also issued reports on TIXT. Bank of America lowered TELUS International (Cda) from a buy rating to an underperform rating and decreased their target price for the company from $11.00 to $4.00 in a report on Monday. William Blair downgraded TELUS International (Cda) from an outperform rating to a market perform rating in a report on Friday, August 2nd. Royal Bank of Canada downgraded TELUS International (Cda) from an outperform rating to a sector perform rating and decreased their price target for the stock from $10.00 to $5.00 in a report on Monday. Canaccord Genuity Group decreased their price target on TELUS International (Cda) from $16.50 to $16.00 and set a buy rating for the company in a report on Tuesday, May 7th. Finally, Citigroup decreased their price target on TELUS International (Cda) from $10.00 to $8.50 and set a neutral rating for the company in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $7.55.

TELUS International (Cda) Trading Up 1.4 %

Shares of NYSE TIXT opened at $3.00 on Tuesday. TELUS International has a twelve month low of $2.93 and a twelve month high of $11.51. The company has a current ratio of 1.09, a quick ratio of 1.16 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $7.55. The stock has a market capitalization of $320.49 million, a PE ratio of 20.00, a PEG ratio of 0.97 and a beta of 0.74.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The firm had revenue of $652.00 million during the quarter, compared to analyst estimates of $682.32 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities analysts forecast that TELUS International will post 0.44 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

Several large investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its holdings in TELUS International (Cda) by 5.2% in the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock valued at $119,621,000 after purchasing an additional 689,468 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of TELUS International (Cda) during the fourth quarter valued at about $26,554,000. 1832 Asset Management L.P. grew its stake in shares of TELUS International (Cda) by 5.3% during the first quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company’s stock valued at $10,873,000 after acquiring an additional 64,570 shares in the last quarter. Forge First Asset Management Inc. acquired a new stake in shares of TELUS International (Cda) during the first quarter valued at about $2,758,000. Finally, TD Asset Management Inc grew its stake in shares of TELUS International (Cda) by 2.1% during the second quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock valued at $1,472,000 after acquiring an additional 5,351 shares in the last quarter. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.