TELUS International (Cda) Inc. (NYSE:TIXT) Receives $7.37 Consensus Target Price from Brokerages

Shares of TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) have received a consensus recommendation of "Hold" from the eighteen analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.20.

Several equities research analysts recently commented on TIXT shares. Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a research report on Thursday. They set a "buy" rating and a $5.00 target price on the stock. Stifel Canada upgraded TELUS International (Cda) to a "strong-buy" rating in a report on Wednesday. Finally, Desjardins raised shares of TELUS International (Cda) to a "hold" rating in a research note on Thursday, September 26th.

Institutional Trading of TELUS International (Cda)

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in TELUS International (Cda) in the 3rd quarter worth about $24,223,000. QV Investors Inc. lifted its holdings in TELUS International (Cda) by 398.0% in the 3rd 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. Northwest & Ethical Investments L.P. boosted its holdings in TELUS International (Cda) by 256.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company's stock valued at $7,110,000 after purchasing an additional 1,310,287 shares during the last quarter. Jane Street Group LLC bought a new position in TELUS International (Cda) during the 3rd quarter valued at $3,257,000. Finally, Circumference Group LLC bought a new position in shares of TELUS International (Cda) during the third quarter worth about $2,248,000. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Stock Down 2.6 %

TIXT traded down $0.09 during trading on Thursday, hitting $3.55. The stock had a trading volume of 721,583 shares, compared to its average volume of 497,086. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average price of $3.74 and a 200-day moving average price of $4.07. TELUS International has a one year low of $2.83 and a one year high of $11.51.

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

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.