CIBC Lowers TELUS International (Cda) (NYSE:TIXT) to Neutral

CIBC lowered shares of TELUS International (Cda) (NYSE:TIXT) from a sector outperform rating to a neutral rating in a research report report published on Tuesday, MarketBeat reports.

Several other equities analysts also recently weighed in on TIXT. Scotiabank downgraded TELUS International (Cda) from a sector outperform rating to a sector perform rating and dropped their target price for the company from $13.00 to $10.00 in a research report on Friday, May 10th. BMO Capital Markets decreased their target price on TELUS International (Cda) from $7.50 to $4.75 and set a market perform rating for the company in a research note on Monday. Barclays reduced their price objective on TELUS International (Cda) from $7.00 to $5.00 and set an equal weight rating for the company in a research note on Monday. Robert W. Baird dropped their target price on TELUS International (Cda) from $8.00 to $4.00 and set a neutral rating on the stock in a report on Monday. Finally, Canaccord Genuity Group dropped their target price on TELUS International (Cda) from $16.50 to $16.00 and set a buy rating on the stock in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $7.55.

TELUS International (Cda) Stock Up 1.4 %

NYSE:TIXT opened at $3.00 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.16 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $7.55. The company has a market cap of $320.49 million, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74. TELUS International has a twelve month low of $2.93 and a twelve month high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last issued 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). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The firm had revenue of $652.00 million for the quarter, compared to analyst estimates of $682.32 million. During the same period in the previous year, the business earned $0.16 EPS. TELUS International (Cda)’s revenue for the quarter was down 2.2% compared to the same quarter last year. Analysts anticipate that TELUS International will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of TELUS International (Cda) by 5.2% in the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock worth $119,621,000 after purchasing an additional 689,468 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in TELUS International (Cda) in the 4th quarter valued at approximately $26,554,000. 1832 Asset Management L.P. increased its position in TELUS International (Cda) by 5.3% in the 1st quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company’s stock valued at $10,873,000 after acquiring an additional 64,570 shares during the period. Forge First Asset Management Inc. acquired a new stake in TELUS International (Cda) in the 1st quarter valued at approximately $2,758,000. Finally, TD Asset Management Inc increased its position in TELUS International (Cda) by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock valued at $1,472,000 after acquiring an additional 5,351 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.