Desjardins Upgrades TELUS International (Cda) (NYSE:TIXT) to Hold

Desjardins upgraded shares of TELUS International (Cda) (NYSE:TIXT) to a hold rating in a research report released on Thursday morning, Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Bank of America cut shares of TELUS International (Cda) from a buy rating to an underperform rating and decreased their price objective for the stock from $11.00 to $4.00 in a research note on Monday, August 5th. Royal Bank of Canada cut shares of TELUS International (Cda) from an outperform rating to a sector perform rating and decreased their price target for the company from $10.00 to $5.00 in a research note on Monday, August 5th. JPMorgan Chase & Co. cut shares of TELUS International (Cda) from a neutral rating to an underweight rating and set a $7.00 price target on the stock. in a research note on Wednesday, July 17th. BMO Capital Markets decreased 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, August 5th. Finally, Cibc World Mkts cut shares of TELUS International (Cda) from a strong-buy rating to a hold rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $7.55.

TELUS International (Cda) Price Performance

Shares of TELUS International (Cda) stock opened at $3.79 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $404.89 million, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.16 and a beta of 0.68. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The firm’s 50-day moving average price is $4.04 and its two-hundred day moving average price is $5.97.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $652.00 million for the quarter, compared to the consensus estimate of $682.32 million. TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. TELUS International (Cda)’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. On average, equities analysts predict that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TELUS International (Cda) by 32.4% in the second 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 during the period. Aristides Capital LLC bought a new stake in shares of TELUS International (Cda) during the fourth quarter worth $184,000. XTX Topco Ltd bought a new stake in TELUS International (Cda) in the 2nd quarter valued at $191,000. National Bank of Canada FI boosted its stake in TELUS International (Cda) by 971.6% in the 2nd quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock worth $441,000 after purchasing an additional 68,403 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. 59.55% of the stock is currently 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.