Analysts Set TELUS International (Cda) Inc. (NYSE:TIXT) PT at $7.55

TELUS International (Cda) Inc. (NYSE:TIXT) has received an average rating of “Reduce” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $7.55.

A number of research analysts recently weighed in on the stock. William Blair lowered shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Robert W. Baird decreased their price target on TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Bank of America downgraded TELUS International (Cda) from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $11.00 to $4.00 in a research note on Monday, August 5th. TD Securities reiterated a “hold” rating and set a $3.75 target price (down from $10.00) on shares of TELUS International (Cda) in a research note on Tuesday, August 6th. Finally, Cibc World Mkts downgraded shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th.

TELUS International (Cda) Price Performance

Shares of NYSE TIXT opened at $3.79 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day simple moving average is $4.04 and its 200 day simple moving average is $5.99. The stock has a market cap of $404.35 million, a price-to-earnings ratio of 25.23, a PEG ratio of 1.16 and a beta of 0.68. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Friday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $652.00 million for the quarter, compared to analysts’ expectations of $682.32 million. TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. As a group, research analysts anticipate that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of TELUS International (Cda)

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors lifted 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 worth $119,621,000 after buying an additional 689,468 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in TELUS International (Cda) by 5.9% in the 2nd quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after purchasing an additional 472,103 shares during the period. Clearbridge Investments LLC purchased a new position in shares of TELUS International (Cda) during the 4th quarter valued at $26,554,000. 1832 Asset Management L.P. raised its position in shares of TELUS International (Cda) by 5.3% in the first quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company’s stock worth $10,873,000 after buying an additional 64,570 shares in the last quarter. Finally, Forge First Asset Management Inc. purchased a new stake in shares of TELUS International (Cda) in the 1st quarter valued at about $2,758,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.

About TELUS International (Cda)

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.