TELUS International (Cda) Inc. (NYSE:TIXT) Receives $7.20 Average Target Price from Analysts

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been assigned an average recommendation of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $7.20.

A number of research firms have recently commented on TIXT. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target for the company. Stifel Canada upgraded TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th.

TELUS International (Cda) Price Performance

TELUS International (Cda) stock opened at $3.47 on Monday. The business’s 50-day simple moving average is $3.75 and its 200 day simple moving average is $3.77. The stock has a market cap of $954.25 million, a price-to-earnings ratio of -69.40, a P/E/G ratio of 1.40 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 has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72.

Institutional Investors Weigh In On TELUS International (Cda)

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in shares of TELUS International (Cda) during the third quarter worth approximately $24,223,000. QV Investors Inc. boosted its holdings in shares of TELUS International (Cda) by 398.0% in the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock valued at $23,496,000 after acquiring an additional 4,804,521 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TELUS International (Cda) by 209.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock valued at $8,222,000 after acquiring an additional 1,418,119 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in shares of TELUS International (Cda) by 256.5% during 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 period. Finally, Clearbridge Investments LLC lifted its holdings in shares of TELUS International (Cda) by 27.2% during the fourth quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company’s stock worth $21,979,000 after purchasing an additional 1,198,312 shares during the period. Institutional investors and hedge funds own 59.55% of the company’s stock.

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.