TELUS International (Cda) (NYSE:TIXT) PT Lowered to $8.50 at Citigroup

TELUS International (Cda) (NYSE:TIXT) had its target price dropped by analysts at Citigroup from $10.00 to $8.50 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 5.79% from the company’s current price.

A number of other analysts have also recently commented on TIXT. Canaccord Genuity Group boosted their price objective on TELUS International (Cda) from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Monday, February 12th. Barclays raised their price target on shares of TELUS International (Cda) from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. CIBC cut their price objective on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Robert W. Baird decreased their target price on TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Finally, TD Securities boosted their price target on TELUS International (Cda) from $10.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, February 12th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TELUS International (Cda) presently has an average rating of “Hold” and a consensus target price of $13.73.

TELUS International (Cda) Trading Up 0.3 %

NYSE TIXT opened at $8.04 on Monday. TELUS International has a 52 week low of $6.03 and a 52 week high of $21.75. The company has a 50 day moving average price of $9.17 and a 200 day moving average price of $8.30. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. The firm has a market cap 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 quarterly earnings results on Friday, February 9th. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The company 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 firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, sell-side analysts forecast that TELUS International will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. bought a new stake in TELUS International (Cda) during the 3rd quarter valued at $30,000. Shell Asset Management Co. bought a new position in TELUS International (Cda) in the 3rd quarter valued at about $45,000. Blue Trust Inc. increased its stake in TELUS International (Cda) by 142.0% during the 4th quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock valued at $82,000 after buying an additional 5,631 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of TELUS International (Cda) during the 3rd quarter worth about $99,000. Finally, SG Americas Securities LLC acquired a new stake in shares of TELUS International (Cda) in the 4th quarter worth approximately $124,000. 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.