TELUS International (Cda) (NYSE:TIXT) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of TELUS International (Cda) (NYSE:TIXT) to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Several other research firms have also issued reports on TIXT. Stifel Nicolaus began coverage on shares of TELUS International (Cda) in a research report on Thursday. They set a “buy” rating and a $5.00 price target for the company. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, TELUS International (Cda) has an average rating of “Hold” and a consensus price target of $7.20.

TELUS International (Cda) Stock Up 8.7 %

TIXT opened at $3.64 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $3.75 and its 200 day simple moving average is $4.10. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51. The stock has a market cap of $1.00 billion, a PE ratio of -73.78, a P/E/G ratio of 1.11 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. During the same period in the prior year, the company earned $0.19 EPS. As a group, research analysts expect that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Several large investors have recently bought and sold shares of TIXT. Blue Trust Inc. boosted its position in shares of TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after purchasing an additional 2,948 shares in the last quarter. Marshall Wace LLP lifted its position in TELUS International (Cda) by 2.3% during the second quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after buying an additional 5,017 shares during the period. DGS Capital Management LLC lifted its position in TELUS International (Cda) by 16.4% during the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock valued at $144,000 after buying an additional 5,164 shares during the period. Virtu Financial LLC bought a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at $54,000. Finally, Walleye Capital LLC purchased a new stake in shares of TELUS International (Cda) in the 3rd quarter worth about $60,000. 59.55% of the stock is owned by institutional investors.

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.