TELUS International (Cda) (NYSE:TIXT) Price Target Increased to $10.50 by Analysts at BMO Capital Markets

TELUS International (Cda) (NYSE:TIXTGet Free Report) had its price target boosted by stock analysts at BMO Capital Markets from $8.00 to $10.50 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 8.70% from the company’s current price.

Several other research firms have also recently weighed in on TIXT. JPMorgan Chase & Co. dropped their price objective on shares of TELUS International (Cda) from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, November 6th. Barclays dropped their target price on shares of TELUS International (Cda) from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. CIBC upped their target price on shares of TELUS International (Cda) from $19.00 to $21.50 and gave the company an “outperform” rating in a research report on Thursday, January 11th. TD Securities dropped their target price on shares of TELUS International (Cda) from $12.00 to $10.50 and set a “buy” rating for the company in a research report on Monday, November 6th. Finally, Citigroup upped their target price on shares of TELUS International (Cda) from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, TELUS International (Cda) presently has an average rating of “Hold” and an average target price of $13.73.

Read Our Latest Analysis on TIXT

TELUS International (Cda) Trading Up 2.8 %

TIXT stock traded up $0.26 during trading on Monday, hitting $9.66. The company had a trading volume of 34,744 shares, compared to its average volume of 215,824. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $8.49 and a 200-day moving average price of $8.02. TELUS International has a 12 month low of $6.03 and a 12 month high of $22.52. The stock has a market cap of $705.95 million, a price-to-earnings ratio of 63.34, a PEG ratio of 8.66 and a beta of 0.85.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.80%. The firm had revenue of $692.00 million during the quarter, compared to analysts’ expectations of $691.00 million. During the same quarter in the previous year, the company posted $0.34 EPS. TELUS International (Cda)’s revenue was up 9.8% on a year-over-year basis. As a group, analysts predict that TELUS International will post 1.01 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

A number of large investors have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in TELUS International (Cda) in the 1st quarter worth $46,000. Qube Research & Technologies Ltd acquired a new position in TELUS International (Cda) in the 3rd quarter worth $25,000. BNP Paribas Arbitrage SNC acquired a new position in TELUS International (Cda) in the 3rd quarter worth $101,000. Ronald Blue Trust Inc. acquired a new position in TELUS International (Cda) in the 3rd quarter worth $30,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in TELUS International (Cda) in the 2nd quarter worth $63,000. Institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Company Profile

(Get Free Report)

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.

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