TELUS International (Cda) Inc. (NYSE:TIXT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been given an average rating of “Hold” by the eighteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.20.

A number of equities research analysts have issued reports on TIXT shares. Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus started coverage on shares of TELUS International (Cda) in a research report on Thursday, January 16th. They issued a “buy” rating and a $5.00 target price for the company.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TIXT. XTX Topco Ltd acquired a new position in shares of TELUS International (Cda) during the 2nd quarter worth $191,000. Marshall Wace LLP grew its stake in TELUS International (Cda) by 2.3% in the 2nd quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after buying an additional 5,017 shares during the last quarter. Mackenzie Financial Corp grew its stake 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 buying an additional 472,103 shares during the last quarter. QV Investors Inc. grew its stake in TELUS International (Cda) by 398.0% in the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock valued at $23,496,000 after buying an additional 4,804,521 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in TELUS International (Cda) by 15.1% in the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after buying an additional 2,948 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Stock Up 2.8 %

Shares of NYSE:TIXT opened at $3.89 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $1.07 billion, a PE ratio of -77.70, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51. The firm has a 50 day simple moving average of $3.73 and a 200 day simple moving average of $4.03.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same quarter in the prior year, the firm earned $0.19 EPS. As a group, research analysts expect that TELUS International will post 0.43 earnings per share 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.