Stifel Nicolaus Initiates Coverage on TELUS International (Cda) (NYSE:TIXT)

Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) (NYSE:TIXT - Free Report) in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $5.00 target price on the stock.

Separately, Desjardins raised shares of TELUS International (Cda) to a "hold" rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.20.

TELUS International (Cda) Stock Up 7.9 %

TIXT stock traded up $0.27 during midday trading on Thursday, hitting $3.62. The stock had a trading volume of 640,473 shares, compared to its average volume of 580,275. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $994.13 million, a price-to-earnings ratio of -72.66, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. The business has a 50-day moving average of $3.76 and a two-hundred day moving average of $4.10. TELUS International has a 52-week low of $2.83 and a 52-week high of $11.51.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $658.00 million during the quarter, compared to analysts' expectations of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same period last year, the company posted $0.19 EPS. As a group, equities research analysts forecast that TELUS International will post 0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

Several hedge funds have recently bought and sold shares of TIXT. JPMorgan Chase & Co. purchased a new stake in shares of TELUS International (Cda) during the third quarter valued at $24,223,000. QV Investors Inc. grew its stake in 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 in the last quarter. Northwest & Ethical Investments L.P. grew its stake in TELUS International (Cda) by 256.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company's stock worth $7,110,000 after acquiring an additional 1,310,287 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of TELUS International (Cda) during the third quarter valued at approximately $3,257,000. Finally, Circumference Group LLC purchased a new stake in shares of TELUS International (Cda) in the third quarter valued at approximately $2,248,000. Institutional investors own 59.55% of the company's stock.

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.