TELUS International (Cda) Inc. (NYSE:TIXT) Given Consensus Rating of “Reduce” by Brokerages

TELUS International (Cda) Inc. (NYSE:TIXT) has been assigned a consensus recommendation of “Reduce” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $7.55.

Several research analysts recently issued reports on the company. William Blair lowered TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Bank of America lowered TELUS International (Cda) from a “buy” rating to an “underperform” rating and reduced their target price for the company from $11.00 to $4.00 in a research report on Monday, August 5th. Royal Bank of Canada lowered TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $10.00 to $5.00 in a research report on Monday, August 5th. TD Securities reaffirmed a “hold” rating and set a $3.75 target price (down from $10.00) on shares of TELUS International (Cda) in a research report on Tuesday, August 6th. Finally, Cibc World Mkts lowered TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

TELUS International (Cda) Trading Down 0.7 %

Shares of NYSE TIXT opened at $3.78 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $403.28 million, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The business has a fifty day moving average price of $3.64 and a 200 day moving average price of $5.43.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The company had revenue of $652.00 million for the quarter, compared to analysts’ expectations of $682.32 million. During the same quarter last year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts expect that TELUS International will post 0.43 EPS for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Several hedge funds and other institutional investors have recently bought and sold shares of TIXT. Blue Trust Inc. grew its holdings in TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after acquiring an additional 2,948 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TELUS International (Cda) by 32.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after purchasing an additional 4,973 shares in the last quarter. XTX Topco Ltd purchased a new position in TELUS International (Cda) during the second quarter worth approximately $191,000. National Bank of Canada FI boosted its position in TELUS International (Cda) by 971.6% during the second quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock worth $441,000 after purchasing an additional 68,403 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its position in TELUS International (Cda) by 12.1% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock worth $514,000 after purchasing an additional 6,560 shares in the last quarter. 59.55% of the stock is owned by institutional investors and hedge funds.

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.