TELUS International (Cda) Inc. (NYSE:TIXT) Receives Consensus Rating of “Reduce” from Analysts

TELUS International (Cda) Inc. (NYSE:TIXT) has earned an average rating of “Reduce” from the sixteen analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.37.

A number of equities research analysts have commented on TIXT shares. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a research report on Thursday. They issued a “buy” rating and a $5.00 target price on the stock.

Hedge Funds Weigh In On TELUS International (Cda)

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in TELUS International (Cda) in the third quarter valued at $54,000. Walleye Capital LLC purchased a new stake in shares of TELUS International (Cda) during the third quarter worth approximately $60,000. PFW Advisors LLC purchased a new stake in shares of TELUS International (Cda) during the fourth quarter worth approximately $67,000. Blue Trust Inc. lifted its holdings in TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after buying an additional 2,948 shares during the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of TELUS International (Cda) during the 3rd quarter worth about $96,000. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Price Performance

NYSE:TIXT opened at $3.36 on Thursday. The stock has a 50 day moving average price of $3.77 and a 200 day moving average price of $4.11. The stock has a market cap of $924 million, a PE ratio of -67.20, a P/E/G ratio of 1.11 and a beta of 0.67. 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 one year low of $2.83 and a one year high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same quarter in the prior year, the company posted $0.19 EPS. Equities research analysts expect that TELUS International will post 0.43 EPS for the current fiscal year.

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.