TELUS International (Cda) Inc. (NYSE:TIXT) Receives Average Recommendation of “Moderate Buy” from Brokerages

TELUS International (Cda) Inc. (NYSE:TIXT) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.60.

A number of equities research analysts have weighed in on TIXT shares. Bank of America decreased their target price on TELUS International (Cda) from $26.00 to $21.00 in a research report on Sunday, July 16th. BMO Capital Markets cut shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $21.00 to $11.00 in a report on Monday, August 7th. TD Securities cut their target price on shares of TELUS International (Cda) from $30.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, July 17th. William Blair reiterated an “outperform” rating on shares of TELUS International (Cda) in a research note on Friday, July 14th. Finally, Royal Bank of Canada cut their price objective on shares of TELUS International (Cda) from $24.00 to $19.00 in a report on Friday, July 14th.

TELUS International (Cda) Trading Down 1.2 %

NYSE TIXT opened at $8.16 on Tuesday. TELUS International has a 12 month low of $7.94 and a 12 month high of $29.68. The company’s 50-day moving average price is $9.33 and its 200-day moving average price is $14.95. The stock has a market cap of $596.33 million, a PE ratio of 22.05, a PEG ratio of 6.22 and a beta of 0.57. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. TELUS International (Cda) had a net margin of 3.85% and a return on equity of 14.93%. The business had revenue of $667.00 million for the quarter, compared to the consensus estimate of $663.11 million. Equities research analysts forecast that TELUS International will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

Large investors have recently modified their holdings of the business. Capital Research Global Investors boosted its stake in TELUS International (Cda) by 0.4% in the 2nd quarter. Capital Research Global Investors now owns 13,252,390 shares of the company’s stock worth $201,171,000 after purchasing an additional 49,378 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of TELUS International (Cda) by 2.1% during the second quarter. Mackenzie Financial Corp now owns 11,373,524 shares of the company’s stock valued at $172,457,000 after buying an additional 229,714 shares during the last quarter. Capital International Investors increased its position in shares of TELUS International (Cda) by 14.5% in the 1st quarter. Capital International Investors now owns 5,536,117 shares of the company’s stock valued at $136,798,000 after acquiring an additional 699,567 shares during the period. CIBC Asset Management Inc raised its stake in TELUS International (Cda) by 5.2% in the 1st quarter. CIBC Asset Management Inc now owns 2,025,916 shares of the company’s stock worth $40,898,000 after acquiring an additional 100,012 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in TELUS International (Cda) by 11.2% during the 2nd quarter. Franklin Resources Inc. now owns 1,428,626 shares of the company’s stock worth $21,662,000 after acquiring an additional 143,899 shares during the period. Hedge funds and other 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 Europe, North America, the Asia-Pacific, and the Central America. 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.