TELUS International (Cda) (NYSE:TIXT) Price Target Cut to $9.00 by Analysts at Robert W. Baird

TELUS International (Cda) (NYSE:TIXT) had its price objective cut by stock analysts at Robert W. Baird from $10.00 to $9.00 in a research note issued on Friday, April 19th, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 43.31% from the stock’s previous close.

TIXT has been the topic of a number of other reports. CIBC lowered their price objective on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. TD Securities boosted their target price on shares of TELUS International (Cda) from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, February 12th. Barclays upped their price target on TELUS International (Cda) from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Citigroup lifted their price target on shares of TELUS International (Cda) from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Guggenheim initiated coverage on shares of TELUS International (Cda) in a research note on Tuesday, March 19th. They set a “neutral” rating and a $9.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, TELUS International (Cda) has an average rating of “Hold” and an average target price of $13.10.

TELUS International (Cda) Price Performance

Shares of NYSE:TIXT traded down $0.08 during midday trading on Friday, reaching $6.28. 245,246 shares of the company’s stock were exchanged, compared to its average volume of 216,768. The firm has a market capitalization of $670.89 million, a PE ratio of 42.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14. The company’s 50 day simple moving average is $8.45 and its two-hundred day simple moving average is $8.36. TELUS International has a 12 month low of $6.03 and a 12 month high of $17.56.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Thursday, May 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $657.00 million for the quarter, compared to analyst estimates of $675.33 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. Equities research analysts expect that TELUS International will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Several hedge funds have recently made changes to their positions in TIXT. Barclays PLC lifted its position in shares of TELUS International (Cda) by 101.7% during the 3rd quarter. Barclays PLC now owns 28,433 shares of the company’s stock worth $216,000 after purchasing an additional 14,333 shares during the last quarter. Swiss National Bank acquired a new position in TELUS International (Cda) in the third quarter valued at approximately $1,249,000. Ronald Blue Trust Inc. purchased a new position in TELUS International (Cda) in the third quarter valued at approximately $30,000. Quadrature Capital Ltd acquired a new stake in TELUS International (Cda) during the third quarter worth approximately $2,109,000. Finally, Walleye Capital LLC lifted its position in TELUS International (Cda) by 1,357.6% in the third quarter. Walleye Capital LLC now owns 221,661 shares of the company’s stock valued at $1,689,000 after acquiring an additional 206,454 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

About TELUS International (Cda)

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