Scotiabank Cuts TELUS International (Cda) (NYSE:TIXT) Price Target to $5.00

TELUS International (Cda) (NYSE:TIXT) had its price target decreased by Scotiabank from $10.00 to $5.00 in a research report report published on Wednesday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

A number of other brokerages have also issued reports on TIXT. TD Securities restated a hold rating and issued a $3.75 target price (down previously from $10.00) on shares of TELUS International (Cda) in a research note on Tuesday. Canaccord Genuity Group reduced their target price on TELUS International (Cda) from $16.50 to $16.00 and set a buy rating on the stock in a report on Tuesday, May 7th. Royal Bank of Canada lowered TELUS International (Cda) from an outperform rating to a sector perform rating and decreased their target price for the stock from $10.00 to $5.00 in a research report on Monday, August 5th. Bank of America lowered TELUS International (Cda) from a buy rating to an underperform rating and dropped their price target for the company from $11.00 to $4.00 in a research report on Monday, August 5th. Finally, William Blair downgraded shares of TELUS International (Cda) from an outperform rating to a market perform rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $7.55.

TELUS International (Cda) Stock Down 0.7 %

Shares of NYSE:TIXT traded down $0.02 during trading on Wednesday, hitting $2.98. The company’s stock had a trading volume of 653,366 shares, compared to its average volume of 281,159. The company has a market capitalization of $318.35 million, a PE ratio of 19.87, a PEG ratio of 0.97 and a beta of 0.74. TELUS International has a fifty-two week low of $2.93 and a fifty-two week high of $11.51. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.16 and a current ratio of 1.09. The stock’s 50-day moving average price is $5.71 and its two-hundred day moving average price is $7.51.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, August 2nd. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The business had revenue of $652.00 million for the quarter, compared to analysts’ expectations of $682.32 million. During the same quarter last year, the company posted $0.16 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that TELUS International will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TELUS International (Cda) by 32.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after buying an additional 4,973 shares in the last quarter. SG Americas Securities LLC acquired a new position in TELUS International (Cda) in the 4th quarter valued at approximately $124,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of TELUS International (Cda) in the 4th quarter worth approximately $132,000. Vanguard Personalized Indexing Management LLC increased its position in shares of TELUS International (Cda) by 49.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,341 shares of the company’s stock valued at $166,000 after purchasing an additional 6,406 shares during the period. Finally, Aristides Capital LLC acquired a new position in shares of TELUS International (Cda) in the fourth quarter valued at $184,000. 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.