TELUS International (Cda) (NYSE:TIXT) Price Target Lowered to $9.00 at Robert W. Baird

TELUS International (Cda) (NYSE:TIXT) had its price target trimmed by Robert W. Baird from $10.00 to $9.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently weighed in on TIXT. BMO Capital Markets upped their price target on TELUS International (Cda) from $8.00 to $10.50 and gave the stock a market perform rating in a report on Monday, February 12th. TheStreet upgraded TELUS International (Cda) from a d rating to a c- rating in a research report on Monday, February 12th. Citigroup lifted their price target on shares of TELUS International (Cda) from $9.00 to $10.00 and gave the company a neutral rating in a research note on Monday, February 12th. CIBC reduced their price objective on shares of TELUS International (Cda) from $21.50 to $20.00 and set an outperform rating for the company in a research report on Wednesday, March 20th. Finally, Canaccord Genuity Group increased their price objective on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the company a buy rating in a report on Monday, February 12th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, TELUS International (Cda) currently has an average rating of Hold and an average price target of $13.83.

TELUS International (Cda) Price Performance

NYSE:TIXT opened at $7.81 on Friday. TELUS International has a one year low of $6.03 and a one year high of $21.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $834.34 million, a price-to-earnings ratio of 52.07, a PEG ratio of 8.24 and a beta of 0.90. The firm’s fifty day moving average is $9.26 and its two-hundred day moving average is $8.28.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The company had revenue of $692.00 million for the quarter, compared to analyst estimates of $691.00 million. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Research analysts expect that TELUS International will post 0.89 EPS for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of TELUS International (Cda) by 101.7% during the 3rd quarter. Barclays PLC now owns 28,433 shares of the company’s stock worth $216,000 after acquiring an additional 14,333 shares during the period. Swiss National Bank purchased a new position in TELUS International (Cda) during the third quarter worth about $1,249,000. Ronald Blue Trust Inc. acquired a new position in TELUS International (Cda) in the 3rd quarter valued at about $30,000. Quadrature Capital Ltd purchased a new stake in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $2,109,000. Finally, Walleye Capital LLC increased its holdings in shares of TELUS International (Cda) by 1,357.6% during the 3rd quarter. Walleye Capital LLC now owns 221,661 shares of the company’s stock worth $1,689,000 after buying an additional 206,454 shares during the last quarter. Institutional investors and hedge funds 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.