TELUS International (Cda) Inc. (NYSE:TIXT) Given Average Recommendation of “Hold” by Brokerages

TELUS International (Cda) Inc. (NYSE:TIXT) has been given an average recommendation of “Hold” by the seventeen research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $5.21.

Several analysts recently issued reports on TIXT shares. Barclays decreased their price objective on shares of TELUS International (Cda) from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. National Bankshares decreased their price target on shares of TELUS International (Cda) from $4.25 to $3.00 and set a “sector perform” rating for the company in a report on Friday, April 25th. TD Securities lifted their price objective on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a report on Thursday, January 16th. They issued a “buy” rating and a $5.00 target price on the stock. Finally, Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its holdings in shares of TELUS International (Cda) by 31.1% in the fourth quarter. Mackenzie Financial Corp now owns 10,868,451 shares of the company’s stock valued at $42,673,000 after buying an additional 2,578,241 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at $24,223,000. QV Investors Inc. raised its position in shares of TELUS International (Cda) by 0.7% during the 1st quarter. QV Investors Inc. now owns 6,052,635 shares of the company’s stock valued at $16,233,000 after acquiring an additional 41,235 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of TELUS International (Cda) by 27.2% in the 4th quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company’s stock valued at $21,979,000 after purchasing an additional 1,198,312 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its position in shares of TELUS International (Cda) by 1.2% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,189,850 shares of the company’s stock worth $12,522,000 after purchasing an additional 38,587 shares during the last quarter. 59.55% of the stock is owned by institutional investors.

TELUS International (Cda) Trading Down 2.4 %

TELUS International (Cda) stock opened at $2.44 on Friday. The company has a 50 day moving average price of $2.64 and a 200 day moving average price of $3.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. TELUS International has a 52 week low of $2.13 and a 52 week high of $8.47. The firm has a market capitalization of $672.59 million, a price-to-earnings ratio of -6.97, a P/E/G ratio of 4.71 and a beta of 0.71.

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

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.