TELUS International (Cda) (NYSE:TIXT) Upgraded at Desjardins

TELUS International (Cda) (NYSE:TIXT) was upgraded by Desjardins to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

TIXT has been the subject of several other research reports. CIBC downgraded shares of TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 6th. Cibc World Mkts lowered TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. William Blair downgraded TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. downgraded TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research note on Wednesday, July 17th. Finally, Robert W. Baird reduced their price target on shares of TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, TELUS International (Cda) presently has an average rating of “Hold” and a consensus target price of $7.55.

TELUS International (Cda) Trading Up 4.8 %

NYSE TIXT opened at $3.79 on Thursday. The company’s fifty day simple moving average is $4.04 and its 200-day simple moving average is $5.99. The stock has a market cap of $404.35 million, a P/E ratio of 25.23, a PEG ratio of 1.16 and a beta of 0.68. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The firm had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $682.32 million. During the same period in the previous year, the company earned $0.16 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts predict that TELUS International will post 0.43 EPS for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TELUS International (Cda) by 32.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after buying an additional 4,973 shares during the period. Aristides Capital LLC acquired a new stake in TELUS International (Cda) during the 4th quarter valued at $184,000. XTX Topco Ltd purchased a new position in shares of TELUS International (Cda) during the second quarter valued at $191,000. National Bank of Canada FI raised its position in TELUS International (Cda) by 971.6% during the second quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock valued at $441,000 after buying an additional 68,403 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its stake in TELUS International (Cda) by 12.1% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock worth $514,000 after acquiring an additional 6,560 shares in the last quarter. 59.55% of the stock is 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.