TELUS International (Cda) (NYSE:TIXT) Price Target Cut to $9.50

TELUS International (Cda) (NYSE:TIXT) had its target price lowered by equities researchers at BMO Capital Markets from $10.50 to $9.50 in a research report issued on Tuesday, April 30th, Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 51.27% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Barclays dropped their price target on shares of TELUS International (Cda) from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. TD Securities increased their price target on shares of TELUS International (Cda) from $10.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, February 12th. CIBC lowered their price target on shares of TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. TheStreet raised shares of TELUS International (Cda) from a “d” rating to a “c-” rating in a research note on Monday, February 12th. Finally, Scotiabank decreased their price target on shares of TELUS International (Cda) from $15.00 to $13.00 and set a “sector outperform” rating on the stock in a report on Monday, April 29th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, TELUS International (Cda) has a consensus rating of “Hold” and an average price target of $13.10.

TELUS International (Cda) Stock Performance

TIXT traded down $0.08 on Tuesday, reaching $6.28. The company had a trading volume of 245,246 shares, compared to its average volume of 216,768. TELUS International has a 1 year low of $6.03 and a 1 year high of $17.56. The stock has a market capitalization of $670.89 million, a PE ratio of 42.34, a P/E/G ratio of 1.00 and a beta of 0.86. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $8.45 and a 200-day moving average price of $8.36.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Thursday, May 9th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The business had revenue of $657.00 million during the quarter, compared to analysts’ expectations of $675.33 million. During the same period in the prior year, the company earned $0.24 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts forecast that TELUS International will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shell Asset Management Co. bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth about $45,000. Blue Trust Inc. boosted its holdings in shares of TELUS International (Cda) by 142.0% in the 4th quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock valued at $82,000 after buying an additional 5,631 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at about $99,000. SG Americas Securities LLC acquired a new position in shares of TELUS International (Cda) in the 4th quarter valued at about $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of TELUS International (Cda) in the 4th quarter valued at about $132,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.

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.