Stifel Canada Upgrades TELUS International (Cda) (NYSE:TIXT) to Strong-Buy

TELUS International (Cda) (NYSE:TIXT) was upgraded by Stifel Canada to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus began coverage on shares of TELUS International (Cda) in a research note on Thursday. They set a “buy” rating and a $5.00 price objective on the stock. Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.20.

TELUS International (Cda) Trading Up 8.8 %

TELUS International (Cda) stock opened at $3.65 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day moving average of $3.75 and a two-hundred day moving average of $4.10. TELUS International has a one year low of $2.83 and a one year high of $11.51. The stock has a market cap of $1.00 billion, a PE ratio of -72.90, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.10 million. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. During the same period last year, the firm earned $0.19 EPS. On average, research analysts anticipate 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 added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its position in shares of TELUS International (Cda) by 5.9% in the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after acquiring an additional 472,103 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in TELUS International (Cda) during the third quarter worth about $24,223,000. QV Investors Inc. raised its holdings in shares of TELUS International (Cda) by 398.0% in the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after purchasing an additional 4,804,521 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. increased its position in shares of TELUS International (Cda) by 5.8% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock worth $12,301,000 after acquiring an additional 173,477 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in TELUS International (Cda) by 256.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock valued at $7,110,000 after purchasing an additional 1,310,287 shares in the last quarter. 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.