TELUS International (Cda) Inc. (NYSE:TIXT) Given Consensus Recommendation of "Reduce" by Analysts

Shares of TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the sixteen ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.37.

TIXT has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered TELUS International (Cda) from a "neutral" rating to an "underweight" rating and set a $7.00 price objective for the company. in a report on Wednesday, July 17th. BMO Capital Markets reduced their price objective on TELUS International (Cda) from $7.50 to $4.75 and set a "market perform" rating on the stock in a research note on Monday, August 5th. Scotiabank lowered their target price on shares of TELUS International (Cda) from $10.00 to $5.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 7th. Cibc World Mkts downgraded shares of TELUS International (Cda) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Finally, William Blair downgraded shares of TELUS International (Cda) from an "outperform" rating to a "market perform" rating in a research report on Friday, August 2nd.

TELUS International (Cda) Stock Down 5.3 %

NYSE TIXT traded down $0.21 during trading hours on Friday, reaching $3.76. 1,295,987 shares of the company traded hands, compared to its average volume of 304,384. The company has a 50 day moving average of $3.72 and a two-hundred day moving average of $4.99. The stock has a market capitalization of $401.68 million, a PE ratio of -75.20, a PEG ratio of 1.22 and a beta of 0.68. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75.

Institutional Investors Weigh In On TELUS International (Cda)

A number of hedge funds have recently bought and sold shares of the company. QV Investors Inc. lifted its position in shares of 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 acquiring an additional 4,804,521 shares during the period. Horrell Capital Management Inc. acquired a new stake in TELUS International (Cda) in the 3rd quarter valued at $2,248,000. Mackenzie Financial Corp raised its stake in TELUS International (Cda) by 5.9% during the second 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 in the last quarter. Forge First Asset Management Inc. bought a new position in shares of TELUS International (Cda) during the first quarter valued at $2,758,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in shares of TELUS International (Cda) by 5.8% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company's stock worth $12,301,000 after purchasing an additional 173,477 shares during the last quarter. 59.55% of the stock is currently owned by institutional investors.

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.