TELUS International (Cda) (NYSE:TIXT) Given New $3.00 Price Target at Barclays

TELUS International (Cda) (NYSE:TIXT - Get Free Report) had its price target cut by equities research analysts at Barclays from $5.00 to $3.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 19.76% from the stock's previous close.

A number of other analysts have also recently weighed in on TIXT. TD Securities upped their target price on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Stifel Canada raised TELUS International (Cda) to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Stifel Nicolaus began coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They issued a "buy" rating and a $5.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $5.59.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $2.51 on Friday. 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 stock has a market capitalization of $690.50 million, a price-to-earnings ratio of -7.16, a PEG ratio of 4.71 and a beta of 0.71. TELUS International has a one year low of $2.13 and a one year high of $8.49. The company's 50-day simple moving average is $2.74 and its 200-day simple moving average is $3.41.

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 for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). The firm had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. Equities analysts anticipate that TELUS International will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

Several large investors have recently bought and sold shares of the business. Aquatic Capital Management LLC acquired a new position in shares of TELUS International (Cda) in the 4th quarter valued at $37,000. Two Sigma Securities LLC bought a new stake in shares of TELUS International (Cda) in the fourth quarter worth about $42,000. Bayesian Capital Management LP acquired a new stake in shares of TELUS International (Cda) during the fourth quarter worth about $45,000. Virtu Financial LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at about $54,000. Finally, PDT Partners LLC bought a new position in TELUS International (Cda) in the fourth quarter valued at approximately $61,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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