TELUS International (Cda) Inc. (NYSE:TIXT) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been assigned a consensus rating of “Reduce” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $7.91.

Several equities research analysts recently weighed in on TIXT shares. Citigroup decreased their price target on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Monday, April 22nd. Royal Bank of Canada cut shares of TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $10.00 to $5.00 in a research note on Monday. BMO Capital Markets dropped their price target on shares of TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating on the stock in a research note on Monday. Bank of America downgraded shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $11.00 to $4.00 in a research report on Monday. Finally, Canaccord Genuity Group cut their target price on TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th.

TELUS International (Cda) Trading Down 8.6 %

Shares of TELUS International (Cda) stock opened at $3.04 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $324.23 million, a P/E ratio of 20.23, a PEG ratio of 0.61 and a beta of 0.74. TELUS International has a 1 year low of $2.95 and a 1 year high of $11.51. The company’s fifty day moving average is $5.87 and its two-hundred day moving average is $7.62.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $652.00 million for the quarter, compared to analysts’ expectations of $682.32 million. TELUS International (Cda) had a return on equity of 11.67% and a net margin of 2.54%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. Analysts forecast that TELUS International will post 0.95 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position in TELUS International (Cda) by 142.0% during the fourth quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock worth $82,000 after acquiring an additional 5,631 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TELUS International (Cda) by 32.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after purchasing an additional 4,973 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of TELUS International (Cda) during the 4th quarter worth approximately $124,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in TELUS International (Cda) in the 4th quarter valued at approximately $132,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in TELUS International (Cda) by 49.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,341 shares of the company’s stock valued at $166,000 after buying an additional 6,406 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Company Profile

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.