Barclays Lowers TELUS International (Cda) (NYSE:TIXT) Price Target to $9.00

TELUS International (Cda) (NYSE:TIXT) had its price target reduced by equities research analysts at Barclays from $12.00 to $9.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 9.36% from the company’s current price.

TIXT has been the subject of a number of other research reports. CIBC reduced their target price on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Canaccord Genuity Group lifted their price target on TELUS International (Cda) from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Monday, February 12th. TheStreet upgraded TELUS International (Cda) from a “d” rating to a “c-” rating in a research report on Monday, February 12th. Robert W. Baird dropped their price target on TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Guggenheim assumed coverage on TELUS International (Cda) in a research report on Tuesday, March 19th. They set a “neutral” rating and a $9.00 price target for the company. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS International (Cda) has a consensus rating of “Hold” and a consensus target price of $13.53.

TELUS International (Cda) Stock Up 2.0 %

NYSE:TIXT traded up $0.16 during trading hours on Friday, hitting $8.23. 16,179 shares of the company traded hands, compared to its average volume of 198,926. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. The firm’s 50-day simple moving average is $9.07 and its 200-day simple moving average is $8.30. TELUS International has a one year low of $6.03 and a one year high of $20.25. The company has a market cap of $879.21 million, a PE ratio of 54.87, a PEG ratio of 1.04 and a beta of 0.90.

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. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The firm had revenue of $692.00 million during the quarter, compared to analyst estimates of $691.00 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that TELUS International will post 0.89 earnings per share for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

A number of institutional investors and hedge funds have recently modified their holdings of TIXT. Shell Asset Management Co. bought a new stake in shares of TELUS International (Cda) during the 3rd quarter worth approximately $45,000. Blue Trust Inc. increased its holdings in TELUS International (Cda) by 142.0% during the 4th quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock worth $82,000 after purchasing an additional 5,631 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in TELUS International (Cda) during the 3rd quarter worth $99,000. SG Americas Securities LLC purchased a new position in TELUS International (Cda) during the 4th quarter worth $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in TELUS International (Cda) during the 4th quarter worth $132,000. 59.55% of the stock is owned by institutional investors.

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.