TELUS International (Cda) (NYSE:TIXT) Upgraded to “Buy” by Zacks Investment Research

TELUS International (Cda) (NYSE:TIXTGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage presently has a $28.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 17.20% from the stock’s previous close.

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 brokerages also recently commented on TIXT. Morgan Stanley lowered their price target on shares of TELUS International (Cda) from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, February 11th. Credit Suisse Group lowered their price target on shares of TELUS International (Cda) from $32.00 to $25.00 in a report on Monday, May 9th. William Blair reaffirmed an “outperform” rating on shares of TELUS International (Cda) in a report on Monday, May 9th. Citigroup lowered their price target on shares of TELUS International (Cda) from $32.00 to $30.00 in a report on Monday, May 9th. Finally, TD Securities reduced their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $34.31.

Shares of TIXT traded down $0.65 during midday trading on Tuesday, hitting $23.89. 6,858 shares of the company traded hands, compared to its average volume of 118,367. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.83. TELUS International has a 52 week low of $20.73 and a 52 week high of $39.91. The firm has a 50 day moving average of $23.67 and a 200-day moving average of $27.72. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 58.27, a PEG ratio of 1.12 and a beta of 1.14.

Several large investors have recently bought and sold shares of the company. Scotia Capital Inc. lifted its stake in shares of TELUS International (Cda) by 2.3% during the first quarter. Scotia Capital Inc. now owns 30,797 shares of the company’s stock worth $761,000 after buying an additional 703 shares during the period. Cibc World Market Inc. lifted its position in TELUS International (Cda) by 0.8% during the first quarter. Cibc World Market Inc. now owns 88,458 shares of the company’s stock valued at $2,186,000 after purchasing an additional 728 shares during the period. Cordasco Financial Network acquired a new position in TELUS International (Cda) during the third quarter valued at $26,000. Pembroke Management LTD lifted its position in TELUS International (Cda) by 13.4% during the first quarter. Pembroke Management LTD now owns 9,288 shares of the company’s stock valued at $287,000 after purchasing an additional 1,099 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its position in TELUS International (Cda) by 3.3% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 46,705 shares of the company’s stock valued at $1,540,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 39.28% of the company’s stock.

TELUS International (Cda) Company Profile (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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