TELUS International (Cda) Inc. (NYSE:TIXT) Receives $6.00 Average Price Target from Brokerages

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been given an average rating of “Hold” by the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.00.

Several equities research analysts recently commented on the stock. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a research report on Thursday, January 16th. They issued a “buy” rating and a $5.00 price objective on the stock. TD Securities upped their price target on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a report on Friday, February 14th. Finally, Stifel Canada upgraded TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th.

TELUS International (Cda) Stock Down 3.2 %

Shares of NYSE TIXT opened at $2.30 on Tuesday. The stock has a market capitalization of $631.13 million, a price-to-earnings ratio of -6.56, a price-to-earnings-growth ratio of 4.71 and a beta of 0.71. TELUS International has a 52 week low of $2.13 and a 52 week high of $8.96. The firm has a 50-day moving average price of $3.15 and a 200 day moving average price of $3.54. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The firm had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $672.44 million. Equities research analysts anticipate that TELUS International will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of TELUS International (Cda) by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock valued at $1,244,000 after acquiring an additional 3,397 shares in the last quarter. Franklin Resources Inc. boosted its holdings in TELUS International (Cda) by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 113,690 shares of the company’s stock valued at $446,000 after purchasing an additional 3,667 shares during the last quarter. DGS Capital Management LLC grew its stake in TELUS International (Cda) by 16.4% during the 3rd quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock valued at $144,000 after purchasing an additional 5,164 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in TELUS International (Cda) by 18.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company’s stock worth $137,000 after purchasing an additional 5,509 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of TELUS International (Cda) by 27.3% in the 4th quarter. Blue Trust Inc. now owns 28,560 shares of the company’s stock valued at $112,000 after purchasing an additional 6,132 shares in the last quarter. 59.55% of the stock is owned by institutional investors and hedge funds.

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.