TELUS International (Cda) (NYSE:TIXT) Given New $12.00 Price Target at TD Securities

TELUS International (Cda) (NYSE:TIXT) had its price objective trimmed by TD Securities from $18.00 to $12.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

TIXT has been the topic of several other reports. Canaccord Genuity Group lowered their price target on TELUS International (Cda) from $21.00 to $19.00 and set a buy rating on the stock in a report on Monday, August 7th. Scotiabank raised TELUS International (Cda) from a sector perform rating to a sector outperform rating and set a $15.00 target price on the stock in a report on Wednesday, August 23rd. They noted that the move was a valuation call. William Blair reiterated an outperform rating on shares of TELUS International (Cda) in a research note on Friday, July 14th. BMO Capital Markets downgraded shares of TELUS International (Cda) from an outperform rating to a market perform rating and decreased their price target for the stock from $21.00 to $11.00 in a research report on Monday, August 7th. Finally, Royal Bank of Canada decreased their price target on shares of TELUS International (Cda) from $24.00 to $19.00 in a research report on Friday, July 14th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $15.87.

TELUS International (Cda) Trading Down 0.2 %

Shares of NYSE:TIXT opened at $6.39 on Tuesday. The company has a market cap of $466.98 million, a P/E ratio of 17.27, a PEG ratio of 6.99 and a beta of 0.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.27 and a quick ratio of 1.27. TELUS International has a 1 year low of $6.03 and a 1 year high of $25.41. The stock’s fifty day moving average price is $7.71 and its 200-day moving average price is $12.04.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Friday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $667.00 million for the quarter, compared to analysts’ expectations of $663.11 million. TELUS International (Cda) had a net margin of 3.85% and a return on equity of 14.93%. Sell-side analysts expect that TELUS International will post 0.83 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

A number of institutional investors have recently modified their holdings of TIXT. Ronald Blue Trust Inc. acquired a new position in TELUS International (Cda) in the 3rd quarter worth approximately $30,000. Lazard Asset Management LLC acquired a new stake in TELUS International (Cda) during the 1st quarter worth about $46,000. DekaBank Deutsche Girozentrale acquired a new stake in TELUS International (Cda) during the second quarter worth about $63,000. Citigroup Inc. grew its holdings in TELUS International (Cda) by 18.8% during the first quarter. Citigroup Inc. now owns 4,781 shares of the company’s stock worth $96,000 after acquiring an additional 755 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in TELUS International (Cda) during the first quarter worth about $101,000. 59.55% of the stock is currently owned by institutional investors.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in Europe, North America, the Asia-Pacific, and the Central America. 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.