Weekly Investment Analysts’ Ratings Updates for TELUS International (Cda) (TIXT)

Posted by Teresa Graham on Aug 15th, 2024

TELUS International (Cda) (NYSE: TIXT) recently received a number of ratings updates from brokerages and research firms:

8/7/2024 – TELUS International (Cda) had its price target lowered by analysts at Scotiabank from $10.00 to $5.00. They now have a “sector perform” rating on the stock.
8/6/2024 – TELUS International (Cda) was downgraded by analysts at CIBC from a “sector outperform” rating to a “neutral” rating.
8/6/2024 – TELUS International (Cda) was downgraded by analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating.
8/6/2024 – TELUS International (Cda) had its “hold” rating reaffirmed by analysts at TD Securities. They now have a $3.75 price target on the stock, down previously from $10.00.
8/6/2024 – TELUS International (Cda) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $3.75 price target on the stock, down previously from $10.00.
8/5/2024 – TELUS International (Cda) was downgraded by analysts at Bank of America Co. from a “buy” rating to an “underperform” rating. They now have a $4.00 price target on the stock, down previously from $11.00.
8/5/2024 – TELUS International (Cda) was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $5.00 price target on the stock, down previously from $10.00.
8/5/2024 – TELUS International (Cda) had its price target lowered by analysts at Robert W. Baird from $8.00 to $4.00. They now have a “neutral” rating on the stock.
8/5/2024 – TELUS International (Cda) had its price target lowered by analysts at BMO Capital Markets from $7.50 to $4.75. They now have a “market perform” rating on the stock.
8/5/2024 – TELUS International (Cda) had its price target lowered by analysts at Barclays PLC from $7.00 to $5.00. They now have an “equal weight” rating on the stock.
8/2/2024 – TELUS International (Cda) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
7/17/2024 – TELUS International (Cda) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $7.00 price target on the stock.

TELUS International (Cda) Trading Up 7.7 %

NYSE:TIXT traded up $0.24 on Thursday, reaching $3.36. The company’s stock had a trading volume of 158,185 shares, compared to its average volume of 286,548. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The business’s 50-day moving average price is $5.54 and its two-hundred day moving average price is $7.38. The firm has a market cap of $358.95 million, a PE ratio of 22.40, a PEG ratio of 0.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.09.

TELUS International (Cda) (NYSE:TIXT – Get Free Report) last issued its quarterly earnings data 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). 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 prior year, the company earned $0.16 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. Equities research analysts anticipate that TELUS International will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in TELUS International (Cda) by 32.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after acquiring an additional 4,973 shares during the last quarter. SG Americas Securities LLC bought a new stake in TELUS International (Cda) in the 4th quarter valued at $124,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in TELUS International (Cda) in the 4th quarter valued at $132,000. Vanguard Personalized Indexing Management LLC increased its stake in TELUS International (Cda) by 49.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,341 shares of the company’s stock valued at $166,000 after acquiring an additional 6,406 shares during the last quarter. Finally, Aristides Capital LLC bought a new stake in TELUS International (Cda) during the fourth quarter worth $184,000. Institutional investors own 59.55% of the company’s stock.

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.