TELUS International (Cda) (NYSE:TIXT) PT Lowered to $5.00 at Scotiabank

TELUS International (Cda) (NYSE:TIXT) had its price target decreased by equities researchers at Scotiabank from $10.00 to $5.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 67.22% from the stock’s previous close.

Other analysts have also recently issued reports about the company. TD Securities reissued a “hold” rating and issued a $3.75 price target (down from $10.00) on shares of TELUS International (Cda) in a report on Tuesday. BMO Capital Markets dropped their price target on TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating for the company in a research report on Monday. Robert W. Baird lowered their price objective on shares of TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday. TD Cowen downgraded shares of TELUS International (Cda) from a “buy” rating to a “hold” rating and reduced their price target for the company from $10.00 to $3.75 in a report on Tuesday. Finally, Bank of America downgraded TELUS International (Cda) from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $11.00 to $4.00 in a research report on Monday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, TELUS International (Cda) presently has an average rating of “Hold” and a consensus target price of $8.32.

TELUS International (Cda) Stock Performance

Shares of NYSE:TIXT traded down $0.06 on Wednesday, reaching $2.99. The company’s stock had a trading volume of 703,414 shares, compared to its average volume of 272,221. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s 50-day moving average is $5.87 and its two-hundred day moving average is $7.62. TELUS International has a 52-week low of $2.95 and a 52-week high of $11.51. The stock has a market capitalization of $319.42 million, a P/E ratio of 19.93, a PEG ratio of 0.61 and a beta of 0.74.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $652.00 million for the quarter, compared to analysts’ expectations of $682.32 million. TELUS International (Cda) had a return on equity of 11.67% and a net margin of 2.54%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, sell-side analysts forecast that TELUS International will post 0.95 EPS for the current year.

Institutional Trading of TELUS International (Cda)

Several institutional investors have recently added to or reduced their stakes in TIXT. Clearbridge Investments LLC acquired a new stake in shares of TELUS International (Cda) during the 4th quarter worth approximately $26,554,000. Forge First Asset Management Inc. acquired a new stake in TELUS International (Cda) in the first quarter worth $2,758,000. Swiss National Bank lifted its stake in TELUS International (Cda) by 2.1% in the first quarter. Swiss National Bank now owns 149,000 shares of the company’s stock valued at $1,261,000 after buying an additional 3,000 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of TELUS International (Cda) during the fourth quarter valued at $1,599,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of TELUS International (Cda) by 12.4% in the 1st quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company’s stock worth $809,000 after acquiring an additional 10,501 shares during the period. Institutional investors own 59.55% of the company’s stock.

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.