TELUS International (Cda) (NYSE:TIXT) Releases FY 2024 Earnings Guidance

TELUS International (Cda) (NYSE:TIXT) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.390-0.440 for the period, compared to the consensus estimate of 0.430. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.6 billion.

TELUS International (Cda) Stock Performance

NYSE:TIXT opened at $3.76 on Friday. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $3.72 and its two-hundred day moving average price is $5.01.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TIXT. Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. William Blair downgraded shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. BMO Capital Markets lowered their price target on TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating on the stock in a research report on Monday, August 5th. CIBC cut TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 6th. Finally, Bank of America downgraded TELUS International (Cda) from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $11.00 to $4.00 in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.37.

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.