TELUS International (Cda) (NYSE:TIXT) Downgraded to Sector Perform at Scotiabank

TELUS International (Cda) (NYSE:TIXT - Get Free Report) was downgraded by stock analysts at Scotiabank from a "sector outperform" rating to a "sector perform" rating in a report released on Friday, Marketbeat reports. They presently have a $10.00 target price on the stock, down from their previous target price of $13.00. Scotiabank's target price would suggest a potential upside of 56.99% from the stock's previous close.

TIXT has been the topic of several other reports. CIBC lowered their price objective on shares of TELUS International (Cda) from $21.50 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 20th. BMO Capital Markets lowered their target price on TELUS International (Cda) from $10.50 to $9.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 30th. TD Securities increased their price target on TELUS International (Cda) from $10.50 to $11.50 and gave the stock a "buy" rating in a report on Monday, February 12th. Guggenheim assumed coverage on shares of 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. Finally, Robert W. Baird reduced their target price on shares of TELUS International (Cda) from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.97.

TELUS International (Cda) Stock Up 0.2 %

Shares of TELUS International (Cda) stock traded up $0.01 during trading hours on Friday, hitting $6.37. The company had a trading volume of 829,754 shares, compared to its average volume of 181,474. The company's 50-day moving average is $8.45 and its two-hundred day moving average is $8.36. TELUS International has a twelve month low of $6.03 and a twelve month high of $17.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $680.51 million, a P/E ratio of 42.47, a price-to-earnings-growth ratio of 0.99 and a beta of 0.86.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $657.00 million for the quarter, compared to analysts' expectations of $675.33 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The business's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Analysts anticipate that TELUS International will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

Several institutional investors have recently added to or reduced their stakes in TIXT. Shell Asset Management Co. purchased a new position in shares of TELUS International (Cda) during the 3rd quarter worth about $45,000. Blue Trust Inc. raised its stake in TELUS International (Cda) by 142.0% during the fourth 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 stake in shares of TELUS International (Cda) during the 3rd quarter valued at $99,000. SG Americas Securities LLC acquired a new stake in shares of TELUS International (Cda) during the 4th quarter worth $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in TELUS International (Cda) in the fourth quarter valued at $132,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.