TELUS International (Cda) (NYSE:TIXT) Raised to "Strong-Buy" at Stifel Canada

TELUS International (Cda) (NYSE:TIXT - Get Free Report) was upgraded by equities research analysts at Stifel Canada to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on TIXT. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a report on Thursday. They issued a "buy" rating and a $5.00 price target for the company. Desjardins upgraded shares of TELUS International (Cda) to a "hold" rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.20.

TELUS International (Cda) Trading Down 2.6 %

TELUS International (Cda) stock traded down $0.09 during midday trading on Wednesday, reaching $3.55. The stock had a trading volume of 721,583 shares, compared to its average volume of 497,086. The stock has a market capitalization of $975.43 million, a PE ratio of -70.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. 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 stock's 50-day simple moving average is $3.74 and its 200 day simple moving average is $4.09. TELUS International has a twelve month low of $2.83 and a twelve month 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 the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. During the same quarter last year, the firm posted $0.19 earnings per share. Analysts expect that TELUS International will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in shares of TELUS International (Cda) by 5.9% in the 2nd quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company's stock worth $48,744,000 after acquiring an additional 472,103 shares during the period. JPMorgan Chase & Co. bought a new stake in TELUS International (Cda) during the third quarter worth approximately $24,223,000. QV Investors Inc. boosted its stake in TELUS International (Cda) by 398.0% during the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company's stock valued at $23,496,000 after purchasing an additional 4,804,521 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in TELUS International (Cda) by 5.8% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company's stock valued at $12,301,000 after buying an additional 173,477 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its position 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 worth $7,110,000 after acquiring an additional 1,310,287 shares in the last quarter. Institutional investors own 59.55% of the company's stock.

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.