TELUS International (Cda) (NYSE:TIXT) Price Target Cut to $8.50

TELUS International (Cda) (NYSE:TIXT - Free Report) had its price target trimmed by Citigroup from $10.00 to $8.50 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on the company. TD Securities raised 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. BMO Capital Markets boosted their price objective on shares of TELUS International (Cda) from $8.00 to $10.50 and gave the company a market perform rating in a research report on Monday, February 12th. Canaccord Genuity Group boosted their price target on TELUS International (Cda) from $14.50 to $16.50 and gave the company a buy rating in a report on Monday, February 12th. Barclays increased their price objective on TELUS International (Cda) from $10.00 to $12.00 and gave the stock an equal weight rating in a report on Monday, February 26th. Finally, 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 target on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $13.73.

TELUS International (Cda) Trading Up 2.6 %

TIXT stock traded up $0.20 during midday trading on Monday, reaching $8.01. The company's stock had a trading volume of 83,842 shares, compared to its average volume of 204,520. The business's 50-day simple moving average is $9.22 and its 200-day simple moving average is $8.30. The stock has a market cap of $855.71 million, a PE ratio of 53.40, a price-to-earnings-growth ratio of 8.23 and a beta of 0.90. TELUS International has a 52 week low of $6.03 and a 52 week high of $21.75. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last released its earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $692.00 million for the quarter, compared to analyst estimates of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, sell-side analysts expect that TELUS International will post 0.89 EPS for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

A number of hedge funds have recently made changes to their positions in TIXT. Ronald Blue Trust Inc. bought a new position in TELUS International (Cda) in the 3rd quarter valued at approximately $30,000. Shell Asset Management Co. bought a new stake in shares of TELUS International (Cda) in the third quarter worth $45,000. Blue Trust Inc. increased its holdings in TELUS International (Cda) by 142.0% in the fourth quarter. Blue Trust Inc. now owns 9,596 shares of the company's stock valued at $82,000 after purchasing an additional 5,631 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in TELUS International (Cda) during the 3rd quarter worth $99,000. Finally, SG Americas Securities LLC acquired a new position in TELUS International (Cda) during the 4th quarter worth about $124,000. 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.