TELUS International (Cda) (NYSE:TIXT) Stock Rating Lowered by Zacks Investment Research

TELUS International (Cda) (NYSE:TIXTGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “TELUS International designs, builds and delivers next-generation digital solutions for global and disruptive brands. The company provides integrated solutions and capabilities span digital strategy, innovation, consulting and design, digital transformation and IT lifecycle solutions, data annotation and intelligent automation, and omnichannel CX solutions which include content moderation, trust and safety solutions and other managed solutions. TELUS International is based in VANCOUVER, British Columbia. “

A number of other equities research analysts have also commented on TIXT. Citigroup decreased their price target on TELUS International (Cda) from $32.00 to $30.00 in a research report on Monday, May 9th. TD Securities decreased their price target on TELUS International (Cda) from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, May 9th. Morgan Stanley decreased their price target on TELUS International (Cda) from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, February 11th. William Blair restated an “outperform” rating on shares of TELUS International (Cda) in a research report on Monday, May 9th. Finally, Wells Fargo & Company started coverage on TELUS International (Cda) in a research report on Monday, April 4th. They issued an “overweight” rating and a $35.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $34.00.

NYSE TIXT opened at $24.63 on Friday. The firm has a market cap of $6.55 billion, a PE ratio of 60.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14. TELUS International has a one year low of $20.73 and a one year high of $39.91. The stock’s 50 day simple moving average is $23.67 and its 200 day simple moving average is $27.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.83.

Several hedge funds have recently bought and sold shares of TIXT. Morgan Stanley acquired a new position in shares of TELUS International (Cda) in the 1st quarter valued at $109,000. Citadel Advisors LLC acquired a new stake in TELUS International (Cda) during the 2nd quarter worth $785,000. Raymond James & Associates raised its stake in TELUS International (Cda) by 5.3% during the 3rd quarter. Raymond James & Associates now owns 18,707 shares of the company’s stock worth $655,000 after buying an additional 945 shares during the period. Russell Investments Group Ltd. raised its stake in TELUS International (Cda) by 8.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 75,636 shares of the company’s stock worth $2,653,000 after buying an additional 6,000 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in TELUS International (Cda) during the 3rd quarter worth $3,991,000. 39.28% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for TELUS International (Cda) (NYSE:TIXT)

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