TELUS International (Cda) (NYSE:TIXT) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) (NYSE:TIXT) in a report released on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $5.00 target price on the stock.

Separately, Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.20.

TELUS International (Cda) Price Performance

Shares of TELUS International (Cda) stock opened at $3.55 on Thursday. The firm has a market cap of $975.43 million, a PE ratio of -70.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51. The company’s fifty day simple moving average is $3.74 and its two-hundred day simple moving average is $4.07. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $650.10 million. During the same period in the previous year, the company earned $0.19 earnings per share. As a group, equities analysts expect that TELUS International will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TIXT. XTX Topco Ltd acquired a new position in shares of TELUS International (Cda) during the second quarter valued at approximately $191,000. Marshall Wace LLP raised its holdings in shares of TELUS International (Cda) by 2.3% during the second quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after acquiring an additional 5,017 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of TELUS International (Cda) by 5.9% in the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after purchasing an additional 472,103 shares in the last quarter. QV Investors Inc. boosted its position in TELUS International (Cda) by 398.0% during the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after acquiring an additional 4,804,521 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after purchasing an additional 2,948 shares during the period. 59.55% of the stock is currently owned by institutional investors.

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.