TELUS International (Cda) Inc. (NYSE:TIXT) Receives Average Rating of “Hold” from Analysts

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $5.21.

A number of equities research analysts have recently commented on TIXT shares. Barclays dropped their price objective on shares of TELUS International (Cda) from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Scotiabank cut their price objective on shares of TELUS International (Cda) from $5.00 to $3.00 and set a “sector perform” rating for the company in a report on Tuesday. National Bankshares dropped their target price on TELUS International (Cda) from $4.25 to $3.00 and set a “sector perform” rating on the stock in a research report on Friday, April 25th. Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Stifel Nicolaus started coverage on TELUS International (Cda) in a report on Thursday, January 16th. They issued a “buy” rating and a $5.00 price objective on the stock.

TELUS International (Cda) Stock Up 0.8 %

NYSE:TIXT opened at $2.57 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95. The company’s fifty day moving average price is $2.62 and its 200-day moving average price is $3.36. TELUS International has a 1-year low of $2.13 and a 1-year high of $8.35. The firm has a market capitalization of $708.42 million, a P/E ratio of -7.34, a PEG ratio of 4.71 and a beta of 0.71.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. The company had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $672.44 million. As a group, equities research analysts anticipate that TELUS International will post 0.32 EPS for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of TELUS International (Cda) by 118.8% during the 3rd quarter. Barclays PLC now owns 30,629 shares of the company’s stock worth $120,000 after acquiring an additional 16,629 shares during the period. Virtu Financial LLC purchased a new position in TELUS International (Cda) during the third quarter worth about $54,000. DGS Capital Management LLC boosted its holdings in TELUS International (Cda) by 16.4% in the 3rd quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock valued at $144,000 after purchasing an additional 5,164 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $24,223,000. Finally, PFW Advisors LLC acquired a new stake in shares of TELUS International (Cda) during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds 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.