Robert W. Baird Trims TELUS International (Cda) (NYSE:TIXT) Target Price to $9.00

TELUS International (Cda) (NYSE:TIXT) had its price objective reduced by Robert W. Baird from $10.00 to $9.00 in a report issued on Friday, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

TIXT has been the subject of several other reports. TheStreet upgraded shares of TELUS International (Cda) from a d rating to a c- rating in a research report on Monday, February 12th. Guggenheim initiated coverage on shares of TELUS International (Cda) in a research report on Tuesday, March 19th. They issued a neutral rating and a $9.00 price target for the company. Citigroup lifted their price target on shares of TELUS International (Cda) from $9.00 to $10.00 and gave the company a neutral rating in a research report on Monday, February 12th. Canaccord Genuity Group lifted their price target on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the company a buy rating in a research report on Monday, February 12th. Finally, CIBC dropped their price target 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. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $13.83.

TELUS International (Cda) Trading Down 0.1 %

TELUS International (Cda) stock opened at $7.81 on Friday. TELUS International has a 52 week low of $6.03 and a 52 week high of $21.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $834.34 million, a P/E ratio of 52.07, a PEG ratio of 8.23 and a beta of 0.90. The stock has a 50-day simple moving average of $9.26 and a 200 day simple moving average of $8.30.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $692.00 million during the quarter, compared to the consensus estimate of $691.00 million. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. Analysts expect that TELUS International will post 0.89 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

A number of hedge funds and other institutional investors have recently modified their holdings of TIXT. Barclays PLC grew its stake in shares of TELUS International (Cda) by 101.7% in the third quarter. Barclays PLC now owns 28,433 shares of the company’s stock worth $216,000 after purchasing an additional 14,333 shares during the last quarter. Swiss National Bank bought a new stake in shares of TELUS International (Cda) in the third quarter worth $1,249,000. Ronald Blue Trust Inc. bought a new stake in shares of TELUS International (Cda) in the third quarter worth $30,000. Quadrature Capital Ltd bought a new stake in shares of TELUS International (Cda) in the third quarter worth $2,109,000. Finally, Walleye Capital LLC grew its stake in shares of TELUS International (Cda) by 1,357.6% in the third quarter. Walleye Capital LLC now owns 221,661 shares of the company’s stock worth $1,689,000 after purchasing an additional 206,454 shares during the last quarter. Institutional investors 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.