TELUS International (Cda) Inc. (NYSE:TIXT) Receives $7.55 Consensus Target Price from Brokerages

TELUS International (Cda) Inc. (NYSE:TIXT) has received a consensus recommendation of “Reduce” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $7.55.

TIXT has been the topic of a number of research reports. Scotiabank cut their price objective on TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. TD Cowen lowered shares of TELUS International (Cda) from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.00 to $3.75 in a research report on Tuesday, August 6th. William Blair downgraded shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Bank of America cut shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $11.00 to $4.00 in a report on Monday, August 5th. Finally, TD Securities reaffirmed a “hold” rating and issued a $3.75 price target (down from $10.00) on shares of TELUS International (Cda) in a report on Tuesday, August 6th.

Institutional Trading of TELUS International (Cda)

A number of institutional investors and hedge funds have recently made changes to their positions in TIXT. Vanguard Personalized Indexing Management LLC grew its stake in TELUS International (Cda) by 49.5% in the 4th 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 period. 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 during the period. Aristides Capital LLC purchased a new stake in shares of TELUS International (Cda) during the fourth quarter worth about $184,000. XTX Topco Ltd acquired a new position in shares of TELUS International (Cda) during the 2nd quarter worth about $191,000. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its stake in TELUS International (Cda) by 12.1% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock valued at $514,000 after buying an additional 6,560 shares in the last quarter. 59.55% of the stock is currently owned by hedge funds and other institutional investors.

TELUS International (Cda) Stock Performance

Shares of TELUS International (Cda) stock opened at $3.51 on Friday. The firm has a market capitalization of $374.97 million, a P/E ratio of 23.40, a PEG ratio of 1.10 and a beta of 0.68. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average price of $4.14 and a 200 day moving average price of $6.05.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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%. TELUS International (Cda)’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. Sell-side analysts expect that TELUS International will post 0.44 EPS 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.