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

Shares of TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) have been assigned an average recommendation of "Hold" from the seventeen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $7.20.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a report on Thursday. They set a "buy" rating and a $5.00 price objective for the company. Desjardins upgraded TELUS International (Cda) to a "hold" rating in a report on Thursday, September 26th.

Institutional Trading of TELUS International (Cda)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in TELUS International (Cda) in the 2nd quarter worth about $191,000. Marshall Wace LLP grew its holdings in TELUS International (Cda) by 2.3% in the 2nd quarter. Marshall Wace LLP now owns 223,262 shares of the company's stock valued at $1,290,000 after buying an additional 5,017 shares in the last quarter. 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 purchasing an additional 472,103 shares during the period. QV Investors Inc. grew its position in TELUS International (Cda) by 398.0% in the third 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. Finally, Blue Trust Inc. boosted its position in shares of 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 during the period. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Trading Up 8.8 %

TIXT traded up $0.30 during trading on Thursday, reaching $3.65. The company had a trading volume of 802,966 shares, compared to its average volume of 597,607. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51. The stock has a market cap of $1.00 billion, a P/E ratio of -72.90, a PEG ratio of 1.11 and a beta of 0.67. The business has a 50 day simple moving average of $3.76 and a 200-day simple moving average of $4.10.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. During the same period in the prior year, the company posted $0.19 EPS. On average, equities analysts anticipate that TELUS International will post 0.43 EPS for the current fiscal 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.