Brokerages Set TELUS International (Cda) Inc. (NYSE:TIXT) PT at $7.37

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have earned an average recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.20.

A number of research analysts have commented on TIXT shares. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday. Stifel Nicolaus started coverage on shares of TELUS International (Cda) in a research note on Thursday. They set a “buy” rating and a $5.00 price target for the company. Finally, Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th.

Institutional Trading of TELUS International (Cda)

A number of hedge funds and other institutional investors have recently modified their holdings of TIXT. XTX Topco Ltd acquired a new stake in shares of TELUS International (Cda) in the second quarter valued at approximately $191,000. Marshall Wace LLP grew its holdings in TELUS International (Cda) by 2.3% during the 2nd quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock worth $1,290,000 after acquiring an additional 5,017 shares during the period. Mackenzie Financial Corp grew its holdings in TELUS International (Cda) by 5.9% during the 2nd quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after acquiring an additional 472,103 shares during the period. QV Investors Inc. grew its holdings in TELUS International (Cda) by 398.0% during the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after acquiring an additional 4,804,521 shares during the period. Finally, Blue Trust Inc. grew its holdings in TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after acquiring an additional 2,948 shares during the period. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Stock Down 2.6 %

TIXT stock opened at $3.55 on Thursday. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51. The company has a market cap of $975.43 million, a PE ratio of -70.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. The business’s 50-day simple moving average is $3.74 and its 200 day simple moving average is $4.07. 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 (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same quarter last year, the company earned $0.19 earnings per share. On average, research analysts anticipate that TELUS International will post 0.43 earnings per share for the current year.

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.