TELUS International (Cda) Inc. (NYSE:TIXT) Receives Average Rating of “Hold” from Brokerages

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have received an average rating of “Hold” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned 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 objective among brokers that have covered the stock in the last year is $7.21.

TIXT has been the subject of several analyst reports. Stifel Nicolaus started coverage on TELUS International (Cda) in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 target price for the company. Stifel Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, TD Securities raised their target price on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research report on Friday, February 14th.

TELUS International (Cda) Price Performance

TELUS International (Cda) stock opened at $2.67 on Friday. The stock has a market capitalization of $732.88 million, a P/E ratio of -7.61, a P/E/G ratio of 4.71 and a beta of 0.72. TELUS International has a 12-month low of $2.61 and a 12-month high of $8.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50-day moving average is $3.48 and its two-hundred day moving average is $3.66.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. Equities analysts predict that TELUS International will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

Large investors have recently modified their holdings of the stock. Aquatic Capital Management LLC purchased a new position in TELUS International (Cda) in the 4th quarter worth approximately $37,000. Two Sigma Securities LLC acquired a new stake in shares of TELUS International (Cda) during the fourth quarter valued at about $42,000. Bayesian Capital Management LP purchased a new stake in shares of TELUS International (Cda) during the fourth quarter worth about $45,000. Virtu Financial LLC purchased a new stake in shares of TELUS International (Cda) during the third quarter worth about $54,000. Finally, Walleye Capital LLC acquired a new position in shares of TELUS International (Cda) in the third quarter worth about $60,000. 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.