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

TELUS International (Cda) Inc. (NYSE:TIXT) has received an average recommendation of “Hold” from the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, thirteen have issued 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 issued ratings on the stock in the last year is $7.21.

Several research firms recently issued reports on TIXT. Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target on the stock. Finally, TD Securities increased their price objective on TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a research report on Friday, February 14th.

Institutional Trading of TELUS International (Cda)

Large investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new position in TELUS International (Cda) in the fourth quarter worth approximately $37,000. Two Sigma Securities LLC purchased a new stake in shares of TELUS International (Cda) in the 4th quarter worth $42,000. Bayesian Capital Management LP bought a new position in TELUS International (Cda) in the 4th quarter worth $45,000. Virtu Financial LLC purchased a new position in TELUS International (Cda) during the third quarter valued at $54,000. Finally, Walleye Capital LLC bought a new stake in TELUS International (Cda) during the third quarter valued at about $60,000. 59.55% of the stock is currently owned by institutional investors.

TELUS International (Cda) Price Performance

TIXT opened at $2.79 on Friday. The firm has a market cap of $765.88 million, a PE ratio of -7.96, a P/E/G ratio of 4.71 and a beta of 0.72. The stock has a 50-day moving average price of $3.58 and a 200-day moving average price of $3.68. TELUS International has a 1 year low of $2.61 and a 1 year high of $9.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results 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). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The firm had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $672.44 million. Sell-side analysts predict that TELUS International will post 0.32 earnings per share for the current fiscal year.

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.