TELUS International (Cda) Inc. (NYSE:TIXT) Receives Consensus Recommendation of “Reduce” from Analysts

TELUS International (Cda) Inc. (NYSE:TIXT) has received an average recommendation of “Reduce” from the sixteen brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.37.

Several analysts have commented on the stock. Scotiabank dropped their target price on shares of TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th.

TELUS International (Cda) Price Performance

Shares of NYSE TIXT opened at $3.94 on Thursday. The firm has a market capitalization of $1.08 billion, a PE ratio of -78.70, a price-to-earnings-growth ratio of 1.23 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. TELUS International has a 1 year low of $2.83 and a 1 year high of $11.51. The firm’s 50-day moving average is $3.77 and its 200-day moving average is $4.55.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. During the same quarter last year, the firm earned $0.19 EPS. Equities analysts expect that TELUS International will post 0.43 EPS for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

Hedge funds and other institutional investors have recently made changes to their positions in the business. QV Investors Inc. raised its position in TELUS International (Cda) by 398.0% during the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock valued at $23,496,000 after purchasing an additional 4,804,521 shares in the last quarter. Northwest & Ethical Investments L.P. grew its stake in shares of TELUS International (Cda) by 256.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after purchasing an additional 1,310,287 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of TELUS International (Cda) in the third quarter worth $3,257,000. Circumference Group LLC acquired a new position in TELUS International (Cda) in the third quarter valued at $2,248,000. Finally, Horrell Capital Management Inc. acquired a new position in TELUS International (Cda) in the third quarter valued at $2,248,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.