TELUS International (Cda) (NYSE:TIXT) Upgraded at Stifel Canada

Stifel Canada upgraded shares of TELUS International (Cda) (NYSE:TIXT) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Stifel Nicolaus began coverage on TELUS International (Cda) in a report on Thursday. They set a “buy” rating and a $5.00 price target for the company. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.20.

TELUS International (Cda) Stock Down 2.6 %

TELUS International (Cda) stock opened at $3.55 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50-day moving average is $3.75 and its 200-day moving average is $4.10. The firm has a market capitalization of $975.43 million, a PE ratio of -70.94, a P/E/G ratio of 1.11 and a beta of 0.67. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.10 million. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. During the same quarter last year, the firm posted $0.19 EPS. Sell-side analysts anticipate that TELUS International will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in TELUS International (Cda) in the third quarter valued at approximately $54,000. Walleye Capital LLC bought a new position in shares of TELUS International (Cda) in the 3rd quarter valued at $60,000. PFW Advisors LLC acquired a new position in shares of TELUS International (Cda) during the 4th quarter worth $67,000. Blue Trust Inc. raised its holdings in shares of TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after buying an additional 2,948 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of TELUS International (Cda) during the 3rd quarter worth $96,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.