TELUS International (Cda) Inc. (NYSE:TIXT) Receives $7.37 Average Target Price from Analysts

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

Several research analysts have commented on TIXT shares. Stifel Nicolaus started coverage on shares of TELUS International (Cda) in a research report on Thursday, January 16th. They issued a “buy” rating and a $5.00 target price for the company. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th.

Institutional Trading of TELUS International (Cda)

Several institutional investors and hedge funds have recently added to or reduced their stakes in TIXT. JPMorgan Chase & Co. acquired a new stake in TELUS International (Cda) during the third quarter valued at approximately $24,223,000. QV Investors Inc. lifted its stake in TELUS International (Cda) by 398.0% during the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock valued at $23,496,000 after purchasing an additional 4,804,521 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in 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 valued at $7,110,000 after purchasing an additional 1,310,287 shares during the last quarter. Jane Street Group LLC acquired a new stake in TELUS International (Cda) during the third quarter valued at approximately $3,257,000. Finally, Circumference Group LLC acquired a new stake in TELUS International (Cda) during the third quarter valued at approximately $2,248,000. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Stock Performance

Shares of TELUS International (Cda) stock opened at $3.89 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. TELUS International has a 1 year low of $2.83 and a 1 year high of $11.51. The firm’s 50-day simple moving average is $3.73 and its 200-day simple moving average is $4.03. The firm has a market cap of $1.07 billion, a PE ratio of -77.70, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $650.10 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Equities analysts forecast that TELUS International will post 0.43 earnings per share for the current fiscal year.

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.