TELUS International (Cda) Inc. (NYSE:TIXT) Receives $13.73 Consensus PT from Analysts

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been given an average recommendation of “Hold” by the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.53.

TIXT has been the topic of several research analyst reports. Canaccord Genuity Group increased their price objective on TELUS International (Cda) from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Monday, February 12th. TheStreet raised TELUS International (Cda) from a “d” rating to a “c-” rating in a research note on Monday, February 12th. CIBC dropped their price objective on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. Barclays dropped their price objective on TELUS International (Cda) from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Guggenheim began coverage on TELUS International (Cda) in a report on Tuesday, March 19th. They set a “neutral” rating and a $9.00 target price for the company.

Institutional Trading of TELUS International (Cda)

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors raised its stake in TELUS International (Cda) by 5.2% in the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock worth $119,621,000 after acquiring an additional 689,468 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in TELUS International (Cda) during the 4th quarter worth about $26,554,000. 1832 Asset Management L.P. grew its position in TELUS International (Cda) by 23.9% during the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock worth $10,474,000 after purchasing an additional 235,500 shares during the period. TD Asset Management Inc grew its position in shares of TELUS International (Cda) by 7.6% during the 3rd quarter. TD Asset Management Inc now owns 297,208 shares of the company’s stock valued at $2,271,000 after acquiring an additional 20,919 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at about $2,109,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Trading Up 2.5 %

TIXT opened at $8.27 on Wednesday. The stock has a market cap of $883.48 million, a price-to-earnings ratio of 55.14, a P/E/G ratio of 1.04 and a beta of 0.90. The stock’s 50 day moving average price is $9.01 and its 200-day moving average price is $8.31. TELUS International has a one year low of $6.03 and a one year high of $20.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14.

TELUS International (Cda) (NYSE:TIXT) last announced 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. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company had revenue of $692.00 million for the quarter, compared to analysts’ expectations of $691.00 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. TELUS International (Cda)’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that TELUS International will post 0.89 EPS for the current year.

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.