Brokerages Set TELUS International (Cda) Inc. (NYSE:TIXT) PT at $7.37

Shares of TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) have been given an average rating of "Reduce" by the sixteen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.37.

Several equities analysts have recently commented on the stock. Desjardins raised shares of TELUS International (Cda) to a "hold" rating in a research note on Thursday, September 26th. Scotiabank lowered their price target on TELUS International (Cda) from $10.00 to $5.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 7th.

Institutional Trading of TELUS International (Cda)

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in TELUS International (Cda) by 15.1% in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TELUS International (Cda) by 32.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company's stock worth $117,000 after purchasing an additional 4,973 shares during the last quarter. Marshall Wace LLP lifted its stake in TELUS International (Cda) by 2.3% during the 2nd quarter. Marshall Wace LLP now owns 223,262 shares of the company's stock valued at $1,290,000 after acquiring an additional 5,017 shares during the period. TD Asset Management Inc boosted its stake in shares of TELUS International (Cda) by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 254,914 shares of the company's stock worth $1,472,000 after buying an additional 5,351 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 59.55% of the company's stock.

TELUS International (Cda) Trading Up 1.1 %

TIXT stock traded up $0.04 during trading on Thursday, hitting $4.00. 295,415 shares of the company traded hands, compared to its average volume of 328,018. The company has a 50-day moving average of $3.78 and a 200-day moving average of $4.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. TELUS International has a 1 year low of $2.83 and a 1 year high of $11.51. The firm has a market capitalization of $1.10 billion, a PE ratio of -79.90, a P/E/G ratio of 1.27 and a beta of 0.70.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share 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 firm had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.10 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Analysts predict that TELUS International will post 0.43 earnings per share for the current fiscal year.

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.