Analysts Set TELUS International (Cda) Inc. (NYSE:TIXT) PT at $12.83

TELUS International (Cda) Inc. (NYSE:TIXTGet Free Report) has earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $12.83.

Several equities research analysts have weighed in on TIXT shares. BMO Capital Markets dropped their price objective on TELUS International (Cda) from $9.50 to $7.50 and set a “market perform” rating for the company in a report on Friday, May 10th. Guggenheim started coverage on TELUS International (Cda) in a report on Tuesday, March 19th. They issued a “neutral” rating and a $9.00 price objective for the company. Barclays dropped their price objective on TELUS International (Cda) from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, May 13th. CIBC dropped their price objective on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Finally, Citigroup decreased their target price on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Monday, April 22nd.

Get Our Latest Report on TELUS International (Cda)

TELUS International (Cda) Trading Down 0.2 %

Shares of TIXT stock opened at $5.74 on Thursday. The stock has a market capitalization of $613.20 million, a PE ratio of 38.27, a P/E/G ratio of 0.84 and a beta of 0.73. TELUS International has a 1-year low of $5.53 and a 1-year high of $15.60. The business has a 50-day moving average of $6.90 and a 200 day moving average of $8.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 1.16.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. TELUS International (Cda) had a return on equity of 11.67% and a net margin of 2.54%. The company 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 business posted $0.24 EPS. TELUS International (Cda)’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that TELUS International will post 0.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its position in TELUS International (Cda) by 5.2% during the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock valued at $119,621,000 after buying an additional 689,468 shares in the last quarter. Clearbridge Investments LLC bought a new stake in shares of TELUS International (Cda) in the 4th quarter worth $26,554,000. 1832 Asset Management L.P. increased its holdings in shares of TELUS International (Cda) by 5.3% in the 1st quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company’s stock worth $10,873,000 after purchasing an additional 64,570 shares in the last quarter. Forge First Asset Management Inc. bought a new stake in shares of TELUS International (Cda) in the 1st quarter worth $2,758,000. Finally, Quadrature Capital Ltd bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth $2,109,000. Institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Company Profile

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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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Analyst Recommendations for TELUS International (Cda) (NYSE:TIXT)

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