Analysts Set TELUS International (Cda) Inc. (NYSE:TIXT) PT at $12.83

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.83.

Several research analysts recently weighed in on TIXT shares. BMO Capital Markets dropped their price objective on shares of TELUS International (Cda) from $9.50 to $7.50 and set a “market perform” rating for the company in a research report on Friday, May 10th. CIBC dropped 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. Canaccord Genuity Group lowered their target price on shares of TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Robert W. Baird lowered their target price on shares of TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, Scotiabank lowered shares of TELUS International (Cda) from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $13.00 to $10.00 in a report on Friday, May 10th.

TELUS International (Cda) Stock Performance

TIXT stock opened at $5.75 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day moving average price of $6.96 and a 200 day moving average price of $8.22. TELUS International has a fifty-two week low of $5.53 and a fifty-two week high of $15.60. The stock has a market capitalization of $614.27 million, a PE ratio of 38.33, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. TELUS International (Cda) had a net margin of 2.54% and a return on equity of 11.67%. The firm had revenue of $657.00 million during the quarter, compared to analysts’ expectations of $675.33 million. During the same quarter in the previous year, the company posted $0.24 EPS. TELUS International (Cda)’s revenue was down 4.2% on a year-over-year basis. Analysts forecast that TELUS International will post 0.96 EPS for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

Several institutional investors and hedge funds have recently made changes to their positions in the company. 1832 Asset Management L.P. boosted its stake in TELUS International (Cda) by 5.3% in the 1st quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company’s stock worth $10,873,000 after purchasing an additional 64,570 shares during the period. Forge First Asset Management Inc. acquired a new position in TELUS International (Cda) in the 1st quarter worth $2,758,000. Russell Investments Group Ltd. boosted its stake in TELUS International (Cda) by 12.4% in the 1st quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company’s stock worth $809,000 after purchasing an additional 10,501 shares during the period. Swiss National Bank boosted its stake in TELUS International (Cda) by 2.1% in the 1st quarter. Swiss National Bank now owns 149,000 shares of the company’s stock worth $1,261,000 after purchasing an additional 3,000 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its stake in TELUS International (Cda) by 12.1% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock worth $514,000 after purchasing an additional 6,560 shares during the period. 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.