TELUS International (Cda) Inc. (NYSE:TIXT) Receives Consensus Recommendation of “Hold” from Brokerages

TELUS International (Cda) Inc. (NYSE:TIXT) has received an average rating of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $5.38.

Several analysts have recently weighed in on the company. TD Securities raised their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a research note on Friday, February 14th. National Bankshares dropped their price objective on TELUS International (Cda) from $4.25 to $3.00 and set a “sector perform” rating on the stock in a report on Friday. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They issued a “buy” rating and a $5.00 target price on the stock. Barclays decreased their price target on shares of TELUS International (Cda) from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th.

TELUS International (Cda) Stock Performance

TELUS International (Cda) stock opened at $2.44 on Friday. The firm has a market capitalization of $672.59 million, a PE ratio of -6.97, a price-to-earnings-growth ratio of 4.71 and a beta of 0.71. TELUS International has a one year low of $2.13 and a one year high of $8.49. The stock’s 50 day moving average price is $2.71 and its 200 day moving average price is $3.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. As a group, sell-side analysts expect that TELUS International will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Several large investors have recently added to or reduced their stakes in the stock. QV Investors Inc. increased its holdings in shares of TELUS International (Cda) by 0.7% in the 1st quarter. QV Investors Inc. now owns 6,052,635 shares of the company’s stock worth $16,233,000 after acquiring an additional 41,235 shares during the period. Mackenzie Financial Corp increased its stake in shares of TELUS International (Cda) by 31.1% in the fourth quarter. Mackenzie Financial Corp now owns 10,868,451 shares of the company’s stock valued at $42,673,000 after purchasing an additional 2,578,241 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of TELUS International (Cda) by 18.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company’s stock valued at $137,000 after buying an additional 5,509 shares during the last quarter. Two Sigma Advisers LP grew its holdings in TELUS International (Cda) by 719.0% in the 4th quarter. Two Sigma Advisers LP now owns 81,900 shares of the company’s stock worth $321,000 after buying an additional 71,900 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in TELUS International (Cda) by 578.8% in the 4th quarter. Two Sigma Investments LP now owns 497,821 shares of the company’s stock valued at $1,951,000 after acquiring an additional 424,484 shares during the period. 59.55% of the stock is owned by institutional investors and hedge funds.

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.