TELUS International (Cda) Inc. (NYSE:TIXT) Receives $13.73 Average Price Target from Analysts

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) has received a consensus rating of "Hold" from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $13.73.

Several research analysts recently issued reports on the company. Guggenheim assumed coverage on TELUS International (Cda) in a research note on Tuesday, March 19th. They issued a "neutral" rating and a $9.00 price objective on the stock. CIBC dropped their price objective on TELUS International (Cda) from $21.50 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 20th. Canaccord Genuity Group increased their price objective on TELUS International (Cda) from $14.50 to $16.50 and gave the stock a "buy" rating in a research note on Monday, February 12th. Robert W. Baird dropped their target price on TELUS International (Cda) from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 19th. Finally, Barclays increased their target price on TELUS International (Cda) from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Monday, February 26th.

TELUS International (Cda) Trading Up 3.5 %

TIXT stock traded up $0.28 during midday trading on Wednesday, reaching $8.32. 163,529 shares of the company traded hands, compared to its average volume of 202,536. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day moving average of $9.13 and a 200-day moving average of $8.30. TELUS International has a 52-week low of $6.03 and a 52-week high of $20.57. The firm has a market capitalization of $888.83 million, a price-to-earnings ratio of 55.47, a P/E/G ratio of 1.00 and a beta of 0.90.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $691.00 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that TELUS International will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Aristides Capital LLC purchased a new position in TELUS International (Cda) in the 4th quarter worth $184,000. 1832 Asset Management L.P. boosted its holdings in 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 worth $10,474,000 after buying an additional 235,500 shares during the last quarter. Capital Research Global Investors boosted its holdings in 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 worth $119,621,000 after buying an additional 689,468 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in TELUS International (Cda) by 948.9% in the 4th quarter. Alberta Investment Management Corp now owns 137,400 shares of the company's stock worth $1,186,000 after buying an additional 124,300 shares during the last quarter. Finally, Scotia Capital Inc. boosted its holdings in shares of TELUS International (Cda) by 432.0% during the 4th quarter. Scotia Capital Inc. now owns 82,021 shares of the company's stock worth $700,000 after purchasing an additional 66,603 shares during 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.