Robert W. Baird Cuts TELUS International (Cda) (NYSE:TIXT) Price Target to $9.00

TELUS International (Cda) (NYSE:TIXT) had its price objective lowered by Robert W. Baird from $10.00 to $9.00 in a research report report published on Friday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

TIXT has been the subject of a number of other research reports. TD Securities raised their price objective on TELUS International (Cda) from $10.50 to $11.50 and gave the stock a buy rating in a research report on Monday, February 12th. TheStreet raised TELUS International (Cda) from a d rating to a c- rating in a research report on Monday, February 12th. Canaccord Genuity Group raised their price objective on TELUS International (Cda) from $14.50 to $16.50 and gave the stock a buy rating in a research report on Monday, February 12th. BMO Capital Markets raised their price objective on TELUS International (Cda) from $8.00 to $10.50 and gave the stock a market perform rating in a research report on Monday, February 12th. Finally, Citigroup raised their price objective on TELUS International (Cda) from $9.00 to $10.00 and gave the stock a neutral rating in a research report on Monday, February 12th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $13.73.

TELUS International (Cda) Stock Up 2.6 %

Shares of NYSE TIXT opened at $8.01 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $855.71 million, a PE ratio of 53.40, a price-to-earnings-growth ratio of 8.23 and a beta of 0.90. The stock’s fifty day simple moving average is $9.22 and its two-hundred day simple moving average is $8.30. TELUS International has a 12-month low of $6.03 and a 12-month high of $21.75.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $692.00 million for the quarter, compared to analysts’ expectations of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, analysts expect that TELUS International will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of institutional investors have recently modified their holdings of the stock. Capital Research Global Investors increased its stake 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 valued at $119,621,000 after purchasing an additional 689,468 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of TELUS International (Cda) in the 4th quarter valued at about $26,554,000. 1832 Asset Management L.P. increased its stake in shares of TELUS International (Cda) by 23.9% in the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock valued at $10,474,000 after purchasing an additional 235,500 shares in the last quarter. TD Asset Management Inc increased its stake in shares of TELUS International (Cda) by 7.6% in the 3rd quarter. TD Asset Management Inc now owns 297,208 shares of the company’s stock valued at $2,271,000 after purchasing an additional 20,919 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of TELUS International (Cda) in the 3rd quarter valued at about $2,109,000. Hedge funds and other 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.