TELUS International (Cda) (NYSE:TIXT) Upgraded to Strong-Buy at Stifel Canada

TELUS International (Cda) (NYSE:TIXT) was upgraded by analysts at Stifel Canada to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

TIXT has been the topic of a number of other research reports. Stifel Nicolaus began coverage on TELUS International (Cda) in a research report on Thursday. They issued a “buy” rating and a $5.00 target price on the stock. Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TELUS International (Cda) presently has a consensus rating of “Hold” and an average price target of $7.20.

TELUS International (Cda) Price Performance

TELUS International (Cda) stock opened at $3.69 on Wednesday. The business’s 50-day simple moving average is $3.75 and its 200 day simple moving average is $4.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -72.84, a P/E/G ratio of 1.11 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. During the same period in the previous year, the company posted $0.19 earnings per share. As a group, research analysts anticipate that TELUS International will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PFW Advisors LLC purchased a new stake in TELUS International (Cda) in the fourth quarter worth approximately $67,000. JPMorgan Chase & Co. bought a new stake in TELUS International (Cda) in the 3rd quarter valued at $24,223,000. DGS Capital Management LLC boosted its stake in TELUS International (Cda) by 16.4% during the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock valued at $144,000 after buying an additional 5,164 shares during the last quarter. Virtu Financial LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at approximately $54,000. Finally, Barclays PLC grew its holdings in shares of TELUS International (Cda) by 118.8% in the third quarter. Barclays PLC now owns 30,629 shares of the company’s stock valued at $120,000 after purchasing an additional 16,629 shares in the last quarter. 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.