TELUS International (Cda) Inc. (NYSE:TIXT) Given Average Recommendation of “Reduce” by Brokerages

TELUS International (Cda) Inc. (NYSE:TIXT) has been assigned a consensus rating of “Reduce” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.37.

TIXT has been the subject of several recent research reports. CIBC downgraded TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research note on Tuesday, August 6th. Barclays decreased their price target on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Bank of America cut shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $11.00 to $4.00 in a research note on Monday, August 5th. JPMorgan Chase & Co. lowered shares of TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 target price on the stock. in a research note on Wednesday, July 17th. Finally, Robert W. Baird dropped their price target on TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 5th.

Institutional Investors Weigh In On TELUS International (Cda)

Institutional investors and hedge funds have recently made changes to their positions in the stock. Scheer Rowlett & Associates Investment Management Ltd. grew its stake in shares of TELUS International (Cda) by 5.8% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock valued at $12,301,000 after buying an additional 173,477 shares in the last quarter. Horrell Capital Management Inc. acquired a new position in TELUS International (Cda) in the 3rd quarter valued at about $2,248,000. Blue Trust Inc. grew its position in TELUS International (Cda) by 15.1% in the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after acquiring an additional 2,948 shares in the last quarter. QV Investors Inc. increased its stake in TELUS International (Cda) by 398.0% during the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after purchasing an additional 4,804,521 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of TELUS International (Cda) by 5.9% during the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after purchasing an additional 472,103 shares in the last quarter. 59.55% of the stock is owned by hedge funds and other institutional investors.

TELUS International (Cda) Price Performance

Shares of TELUS International (Cda) stock opened at $3.76 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $3.72 and a two-hundred day simple moving average of $5.01. The stock has a market capitalization of $401.68 million, a P/E ratio of 37.60, a PEG ratio of 1.29 and a beta of 0.68. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51.

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.