TELUS International (Cda) Inc. (NYSE:TIXT) Receives $7.21 Consensus Target Price from Analysts

Shares of TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) have been given an average rating of "Hold" by the eighteen research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong 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 $7.21.

TIXT has been the topic of several research reports. Stifel Canada upgraded TELUS International (Cda) to a "strong-buy" rating in a research note on Wednesday, January 15th. TD Securities boosted their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus initiated coverage on TELUS International (Cda) in a research note on Thursday, January 16th. They set a "buy" rating and a $5.00 price target on the stock.

TELUS International (Cda) Stock Performance

Shares of TELUS International (Cda) stock traded up $0.18 during trading on Friday, reaching $2.97. The company's stock had a trading volume of 411,586 shares, compared to its average volume of 382,883. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The business's fifty day moving average price is $3.57 and its 200-day moving average price is $3.68. The firm has a market cap of $815.38 million, a price-to-earnings ratio of -8.47, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. TELUS International has a one year low of $2.61 and a one year high of $9.19.

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TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. The firm had revenue of $691.00 million for the quarter, compared to the consensus estimate of $672.44 million. As a group, equities research analysts predict that TELUS International will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of TELUS International (Cda) in the 3rd quarter worth approximately $24,223,000. Barclays PLC raised its position in TELUS International (Cda) by 118.8% in the 3rd quarter. Barclays PLC now owns 30,629 shares of the company's stock worth $120,000 after purchasing an additional 16,629 shares during the last quarter. Northwest & Ethical Investments L.P. raised its position in shares of TELUS International (Cda) by 256.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company's stock valued at $7,110,000 after acquiring an additional 1,310,287 shares during the last quarter. Blue Trust Inc. raised its position in shares of TELUS International (Cda) by 62.0% during the 4th quarter. Blue Trust Inc. now owns 36,332 shares of the company's stock valued at $142,000 after acquiring an additional 13,904 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at $3,257,000. 59.55% of the stock is owned by institutional investors and hedge funds.

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.