TELUS International (Cda) (NYSE:TIXT) Price Target Cut to $8.50 by Analysts at Citigroup

TELUS International (Cda) (NYSE:TIXT) had its target price cut by Citigroup from $10.00 to $8.50 in a research report report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms also recently commented on TIXT. BMO Capital Markets increased their price objective on TELUS International (Cda) from $8.00 to $10.50 and gave the company a market perform rating in a report on Monday, February 12th. Canaccord Genuity Group upped their target price on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the company a buy rating in a report on Monday, February 12th. TD Securities boosted their price target on TELUS International (Cda) from $10.50 to $11.50 and gave the stock a buy rating in a research report on Monday, February 12th. Robert W. Baird cut their price objective on TELUS International (Cda) from $10.00 to $9.00 and set a neutral rating for the company in a research report on Friday. Finally, Barclays boosted their target price on TELUS International (Cda) from $10.00 to $12.00 and gave the stock an equal weight rating in a report on Monday, February 26th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, TELUS International (Cda) presently has an average rating of Hold and an average price target of $13.73.

TELUS International (Cda) Price Performance

NYSE TIXT opened at $8.01 on Monday. The firm’s 50 day moving average is $9.22 and its 200-day moving average is $8.30. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $855.71 million, a PE ratio of 53.40, a price-to-earnings-growth ratio of 8.23 and a beta of 0.90. TELUS International has a 12-month low of $6.03 and a 12-month high of $21.75.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $692.00 million during the quarter, compared to the consensus estimate of $691.00 million. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Equities research analysts anticipate that TELUS International will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of TELUS International (Cda)

A number of institutional investors have recently bought and sold shares of TIXT. Aristides Capital LLC acquired a new stake in shares of TELUS International (Cda) in the fourth quarter valued at approximately $184,000. 1832 Asset Management L.P. increased its stake in TELUS International (Cda) by 23.9% during the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock worth $10,474,000 after acquiring an additional 235,500 shares during the period. Capital Research Global Investors raised its holdings in TELUS International (Cda) by 5.2% in the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock valued at $119,621,000 after acquiring an additional 689,468 shares in the last quarter. Alberta Investment Management Corp raised its holdings in TELUS International (Cda) by 948.9% in the 4th quarter. Alberta Investment Management Corp now owns 137,400 shares of the company’s stock valued at $1,186,000 after acquiring an additional 124,300 shares in the last quarter. Finally, Scotia Capital Inc. lifted its position in shares of TELUS International (Cda) by 432.0% during the 4th quarter. Scotia Capital Inc. now owns 82,021 shares of the company’s stock valued at $700,000 after acquiring an additional 66,603 shares during the period. Institutional investors 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.