Brokerages Set TELUS International (Cda) Inc. (NYSE:TIXT) Target Price at $7.37

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have received a consensus rating of “Hold” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $7.20.

A number of equities research analysts have recently commented on TIXT shares. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Stifel Canada upgraded TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus started coverage on TELUS International (Cda) in a research report on Thursday. They set a “buy” rating and a $5.00 price objective for the company.

Institutional Investors Weigh In On TELUS International (Cda)

Several hedge funds and other institutional investors have recently made changes to their positions in TIXT. XTX Topco Ltd acquired a new stake in shares of TELUS International (Cda) in the second quarter valued at about $191,000. Marshall Wace LLP grew its position in shares of TELUS International (Cda) by 2.3% in the second quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after purchasing an additional 5,017 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of TELUS International (Cda) by 5.9% in the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after purchasing an additional 472,103 shares during the last quarter. QV Investors Inc. grew its position in TELUS International (Cda) by 398.0% during the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after buying an additional 4,804,521 shares in the last quarter. Finally, Blue Trust Inc. grew its position in TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after buying an additional 2,948 shares in the last quarter. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $3.55 on Thursday. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51. The firm has a market capitalization of $975.43 million, a price-to-earnings ratio of -70.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. The business has a 50 day simple moving average of $3.74 and a 200 day simple moving average of $4.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.10 million. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. During the same period last year, the company posted $0.19 EPS. On average, equities research analysts anticipate that TELUS International will post 0.43 EPS for the current year.

TELUS International (Cda) Company Profile

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.