TELUS International (Cda) (NYSE:TIXT) Given New $30.00 Price Target at Citigroup

TELUS International (Cda) (NYSE:TIXTGet Rating) had its price target decreased by stock analysts at Citigroup from $32.00 to $30.00 in a research note issued on Monday, The Fly reports. Citigroup’s target price points to a potential upside of 42.18% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Robert W. Baird decreased their target price on shares of TELUS International (Cda) from $34.00 to $28.00 in a research report on Monday, May 2nd. TD Securities reduced their price objective on shares of TELUS International (Cda) from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 11th. Morgan Stanley reduced their price objective on shares of TELUS International (Cda) from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, February 11th. Finally, Wells Fargo & Company started coverage on shares of TELUS International (Cda) in a research report on Monday, April 4th. They set an “overweight” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS International (Cda) has a consensus rating of “Buy” and an average target price of $35.71.

NYSE TIXT traded down $0.74 during trading hours on Monday, reaching $21.10. The company’s stock had a trading volume of 1,803 shares, compared to its average volume of 120,625. The firm has a fifty day simple moving average of $23.77 and a 200-day simple moving average of $28.80. The stock has a market cap of $5.61 billion, a P/E ratio of 51.88, a P/E/G ratio of 1.02 and a beta of 1.14. TELUS International has a 52 week low of $20.73 and a 52 week high of $39.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.78 and a quick ratio of 0.78.

TELUS International (Cda) (NYSE:TIXTGet Rating) last released its earnings results on Thursday, February 10th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $599.00 million during the quarter, compared to the consensus estimate of $594.23 million. TELUS International (Cda) had a net margin of 3.56% and a return on equity of 12.74%. On average, research analysts expect that TELUS International will post 1.09 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc lifted its position in TELUS International (Cda) by 4.1% in the 1st quarter. CIBC Asset Management Inc now owns 315,992 shares of the company’s stock worth $7,819,000 after buying an additional 12,362 shares during the last quarter. Pembroke Management LTD lifted its position in TELUS International (Cda) by 13.4% in the 1st quarter. Pembroke Management LTD now owns 9,288 shares of the company’s stock worth $287,000 after buying an additional 1,099 shares during the last quarter. Aigen Investment Management LP bought a new stake in TELUS International (Cda) in the 1st quarter worth approximately $665,000. National Bank of Canada FI lifted its position in TELUS International (Cda) by 26.9% in the 1st quarter. National Bank of Canada FI now owns 36,986 shares of the company’s stock worth $914,000 after buying an additional 7,843 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in TELUS International (Cda) by 54.1% in the 1st quarter. Russell Investments Group Ltd. now owns 90,694 shares of the company’s stock worth $2,243,000 after buying an additional 31,853 shares during the last quarter. 39.28% of the stock is owned by institutional investors and hedge funds.

About TELUS International (Cda) (Get Rating)

TELUS International (Cda) Inc provides customer experience and digital business services in Europe, North America, the Asia-Pacific, and the Central America. It offers digital experience solutions, such as AI and bots, omnichannel CX, mobility solutions, cloud contact center, big data, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, customer care, technical support, sales growth and retention, and healthcare/patient experience.

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