TELUS International (Cda) (NYSE:TIXT) PT Lowered to $5.00

TELUS International (Cda) (NYSE:TIXT) had its price objective decreased by Barclays from $7.00 to $5.00 in a research report report published on Monday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Bank of America cut shares of TELUS International (Cda) from a buy rating to an underperform rating and cut their target price for the stock from $11.00 to $4.00 in a report on Monday. Scotiabank cut shares of TELUS International (Cda) from a sector outperform rating to a sector perform rating and cut their target price for the stock from $13.00 to $10.00 in a report on Friday, May 10th. Canaccord Genuity Group cut their target price on shares of TELUS International (Cda) from $16.50 to $16.00 and set a buy rating on the stock in a report on Tuesday, May 7th. JPMorgan Chase & Co. cut shares of TELUS International (Cda) from a neutral rating to an underweight rating and set a $7.00 target price on the stock. in a report on Wednesday, July 17th. Finally, William Blair lowered TELUS International (Cda) from an outperform rating to a market perform rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $7.55.

TELUS International (Cda) Trading Up 1.4 %

Shares of TIXT opened at $3.00 on Monday. The firm’s 50 day simple moving average is $5.76 and its 200 day simple moving average is $7.55. The company has a market capitalization of $320.49 million, a P/E ratio of 20.00, a P/E/G ratio of 0.97 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.09 and a quick ratio of 1.16. TELUS International has a 1-year low of $2.93 and a 1-year high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $682.32 million. TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. Sell-side analysts forecast that TELUS International will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Several large investors have recently bought and sold shares of TIXT. Clearbridge Investments LLC bought a new stake in shares of TELUS International (Cda) during the 4th quarter valued at about $26,554,000. Capital Research Global Investors grew its stake in shares of 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 acquiring an additional 689,468 shares during the period. Forge First Asset Management Inc. bought a new position in shares of TELUS International (Cda) during the 1st quarter valued at approximately $2,758,000. 1832 Asset Management L.P. grew its stake in shares of TELUS International (Cda) by 23.9% during the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock valued at $10,474,000 after acquiring an additional 235,500 shares during the period. Finally, Intact Investment Management Inc. bought a new position in shares of TELUS International (Cda) during the 4th quarter valued at approximately $1,599,000. 59.55% of the stock is currently owned by institutional investors.

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.