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

TELUS International (Cda) Inc. (NYSE:TIXT) has been given a consensus recommendation of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $13.73.

A number of research firms have issued reports on TIXT. Canaccord Genuity Group raised their price target on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Monday, February 12th. Robert W. Baird cut their price target on shares of TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. TheStreet upgraded shares of TELUS International (Cda) from a “d” rating to a “c-” rating in a research note on Monday, February 12th. Barclays boosted their target price on shares of TELUS International (Cda) from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Finally, CIBC cut their price target on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th.

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIXT. Ronald Blue Trust Inc. acquired a new position in TELUS International (Cda) in the third quarter worth approximately $30,000. Shell Asset Management Co. acquired a new stake in shares of TELUS International (Cda) in the 3rd quarter valued at $45,000. Blue Trust Inc. boosted its holdings in TELUS International (Cda) by 142.0% in the fourth quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock worth $82,000 after purchasing an additional 5,631 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in TELUS International (Cda) during the third quarter worth $99,000. Finally, SG Americas Securities LLC bought a new position in TELUS International (Cda) during the fourth quarter valued at about $124,000. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Stock Up 0.3 %

Shares of NYSE:TIXT opened at $8.04 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day simple moving average of $9.17 and a two-hundred day simple moving average of $8.30. TELUS International has a 1 year low of $6.03 and a 1 year high of $21.75. The firm has a market capitalization of $858.38 million, a PE ratio of 53.57, a price-to-earnings-growth ratio of 8.23 and a beta of 0.90.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $692.00 million during the quarter, compared to analysts’ expectations of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. On average, equities analysts predict that TELUS International will post 0.89 EPS 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.