TELUS International (Cda) (NYSE:TIXT) Price Target Raised to $4.00

TELUS International (Cda) (NYSE:TIXT) had its price objective raised by TD Securities from $3.75 to $4.00 in a report issued on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

TIXT has been the subject of several other reports. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus started coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 target price for the company. Two research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.21.

TELUS International (Cda) Stock Performance

Shares of TIXT opened at $3.75 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $3.74 and a 200-day simple moving average of $3.71. TELUS International has a 52-week low of $2.83 and a 52-week high of $11.51. The company has a market capitalization of $1.03 billion, a PE ratio of -74.90, a P/E/G ratio of 1.40 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) 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 $691.00 million for the quarter, compared to analysts’ expectations of $672.44 million. Equities research analysts predict that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Several institutional investors have recently bought and sold shares of TIXT. Blue Trust Inc. lifted its holdings in TELUS International (Cda) by 15.1% in 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. Horrell Capital Management Inc. acquired a new stake in TELUS International (Cda) in the 3rd quarter valued at about $2,248,000. Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in TELUS International (Cda) by 5.8% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock valued at $12,301,000 after acquiring an additional 173,477 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in TELUS International (Cda) by 192.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 158,732 shares of the company’s stock valued at $620,000 after acquiring an additional 104,430 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its holdings in TELUS International (Cda) by 256.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock valued at $7,110,000 after acquiring an additional 1,310,287 shares during the last quarter. 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.