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

TD Securities reissued their hold rating on shares of TELUS International (Cda) (NYSE:TIXT) in a research report released on Tuesday morning, Marketbeat.com reports. TD Securities currently has a $3.75 target price on the stock, down from their previous target price of $10.00.

A number of other equities analysts also recently commented on TIXT. Scotiabank downgraded shares of TELUS International (Cda) from a sector outperform rating to a sector perform rating and dropped their target price for the stock from $13.00 to $10.00 in a research note on Friday, May 10th. Royal Bank of Canada cut TELUS International (Cda) from an outperform rating to a sector perform rating and lowered their target price for the stock from $10.00 to $5.00 in a report on Monday, August 5th. Bank of America downgraded TELUS International (Cda) from a buy rating to an underperform rating and dropped their price target for the stock from $11.00 to $4.00 in a research report on Monday, August 5th. BMO Capital Markets lowered their price objective on shares of TELUS International (Cda) from $7.50 to $4.75 and set a market perform rating for the company in a research note on Monday, August 5th. Finally, Robert W. Baird cut their target price on shares of TELUS International (Cda) from $8.00 to $4.00 and set a neutral rating on the stock in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, TELUS International (Cda) has an average rating of Hold and a consensus price target of $7.55.

TELUS International (Cda) Price Performance

Shares of TIXT stock traded down $0.02 during trading hours on Tuesday, hitting $2.98. The stock had a trading volume of 653,366 shares, compared to its average volume of 281,159. The stock’s 50-day moving average price is $5.71 and its two-hundred day moving average price is $7.51. TELUS International has a one year low of $2.93 and a one year high of $11.51. The stock has a market capitalization of $318.35 million, a price-to-earnings ratio of 19.87, a PEG ratio of 0.97 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.09 and a quick ratio of 1.16.

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 the consensus estimate of $0.19 by ($0.03). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The company had revenue of $652.00 million for the quarter, compared to the consensus estimate of $682.32 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. Equities analysts forecast that TELUS International will post 0.44 EPS for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in TELUS International (Cda) in the 4th quarter valued at $124,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in TELUS International (Cda) in the 4th quarter worth approximately $132,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of TELUS International (Cda) by 49.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,341 shares of the company’s stock worth $166,000 after purchasing an additional 6,406 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of TELUS International (Cda) by 32.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock valued at $117,000 after purchasing an additional 4,973 shares in the last quarter. Finally, Aristides Capital LLC acquired a new stake in shares of TELUS International (Cda) in the fourth quarter valued at approximately $184,000. 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.