TELUS International (Cda) (NYSE:TIXT) PT Lowered to $9.00 at Robert W. Baird

TELUS International (Cda) (NYSE:TIXT - Free Report) had its target price trimmed by Robert W. Baird from $10.00 to $9.00 in a research report released on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Citigroup boosted their price target on TELUS International (Cda) from $9.00 to $10.00 and gave the stock a neutral rating in a research report on Monday, February 12th. Barclays boosted their price target on TELUS International (Cda) from $10.00 to $12.00 and gave the stock an equal weight rating in a research report on Monday, February 26th. TD Securities boosted their price target on TELUS International (Cda) from $10.50 to $11.50 and gave the stock a buy rating in a research report on Monday, February 12th. 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. Finally, Canaccord Genuity Group boosted their price target on TELUS International (Cda) from $14.50 to $16.50 and gave the stock a buy rating in a research report on Monday, February 12th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $13.83.

TELUS International (Cda) Stock Performance

TIXT traded down $0.01 during trading on Friday, reaching $7.81. 309,548 shares of the company were exchanged, compared to its average volume of 205,766. The stock has a market cap of $834.34 million, a P/E ratio of 52.07, a PEG ratio of 8.37 and a beta of 0.90. The firm has a 50 day moving average of $9.26 and a 200 day moving average of $8.28. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. TELUS International has a 52 week low of $6.03 and a 52 week high of $21.75.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. The firm had revenue of $692.00 million during the quarter, compared to the consensus estimate of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS. On average, sell-side analysts forecast that TELUS International will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds and other institutional investors have recently modified their holdings of TIXT. Qube Research & Technologies Ltd acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at $25,000. Ronald Blue Trust Inc. purchased a new stake in TELUS International (Cda) in the 3rd quarter worth about $30,000. Shell Asset Management Co. purchased a new stake in TELUS International (Cda) in the 3rd quarter worth about $45,000. Lazard Asset Management LLC purchased a new stake in TELUS International (Cda) in the 1st quarter worth about $46,000. Finally, Blue Trust Inc. lifted its stake in TELUS International (Cda) by 142.0% in the 4th quarter. Blue Trust Inc. now owns 9,596 shares of the company's stock worth $82,000 after acquiring an additional 5,631 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company's stock.

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.