TD Securities Forecasts Strong Price Appreciation for TELUS International (Cda) (NYSE:TIXT) Stock

TELUS International (Cda) (NYSE:TIXT) had its price target upped by research analysts at TD Securities from $3.75 to $4.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 6.81% from the company’s previous close.

Several other brokerages have also recently issued reports on TIXT. Stifel Nicolaus started coverage on TELUS International (Cda) in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 price objective on the stock. Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.21.

TELUS International (Cda) Trading Down 3.7 %

Shares of NYSE TIXT opened at $3.75 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50 day moving average price is $3.74 and its 200-day moving average price is $3.73. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -74.90, a PEG ratio of 1.40 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data 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 return on equity of 9.67% and a net margin of 1.17%. The firm had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. On average, sell-side analysts expect that TELUS International will post 0.43 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

Several hedge funds and other institutional investors have recently made changes to their positions in TIXT. JPMorgan Chase & Co. purchased a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at $24,223,000. Medina Value Partners LLC purchased a new position in TELUS International (Cda) in the 4th quarter worth $8,211,000. Arrowstreet Capital Limited Partnership raised its stake in TELUS International (Cda) by 209.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock worth $8,222,000 after acquiring an additional 1,418,119 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in TELUS International (Cda) by 256.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after acquiring an additional 1,310,287 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in TELUS International (Cda) by 27.2% in the 4th quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company’s stock worth $21,979,000 after acquiring an additional 1,198,312 shares during the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

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.