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

TELUS International (Cda) (NYSE:TIXTFree Report) 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, the company currently has an average rating of Hold and a consensus price target of $15.87.

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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:TIXTGet Free Report) 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

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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.

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

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