TELUS International (Cda) (NYSE:TIXT) Price Target Lowered to $9.00 at Barclays

TELUS International (Cda) (NYSE:TIXT - Get Free Report) had its price target cut by investment analysts at Barclays from $12.00 to $9.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 8.83% from the company's previous close.

Several other analysts have also recently weighed in on the company. BMO Capital Markets lifted their price target on TELUS International (Cda) from $8.00 to $10.50 and gave the stock a "market perform" rating in a report on Monday, February 12th. TD Securities lifted 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. Robert W. Baird dropped their price target on TELUS International (Cda) from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, April 19th. TheStreet raised TELUS International (Cda) from a "d" rating to a "c-" rating in a report on Monday, February 12th. Finally, Canaccord Genuity Group lifted their price objective on TELUS International (Cda) from $14.50 to $16.50 and gave the company a "buy" rating in a report on Monday, February 12th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, TELUS International (Cda) presently has an average rating of "Hold" and a consensus price target of $13.53.

TELUS International (Cda) Stock Up 2.5 %

Shares of NYSE TIXT traded up $0.20 during mid-day trading on Friday, reaching $8.27. 233,803 shares of the company's stock were exchanged, compared to its average volume of 201,752. 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 twelve month low of $6.03 and a twelve month high of $20.25. The business has a fifty day simple moving average of $9.01 and a 200 day simple moving average of $8.31. The firm has a market capitalization of $883.48 million, a price-to-earnings ratio of 55.14, a PEG ratio of 1.04 and a beta of 0.90.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its earnings results on Friday, February 9th. The company reported $0.26 EPS 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 company had revenue of $692.00 million during the quarter, compared to the consensus estimate of $691.00 million. During the same period in the previous year, the company posted $0.34 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts expect that TELUS International will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

Institutional investors have recently modified their holdings of the business. Capital Research Global Investors grew its position in TELUS International (Cda) by 5.2% during the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company's stock worth $119,621,000 after acquiring an additional 689,468 shares during the last quarter. Clearbridge Investments LLC bought a new stake in TELUS International (Cda) during the 4th quarter worth $26,554,000. 1832 Asset Management L.P. grew its position in TELUS International (Cda) by 23.9% during the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company's stock worth $10,474,000 after acquiring an additional 235,500 shares during the last quarter. TD Asset Management Inc grew its position in TELUS International (Cda) by 7.6% during the 3rd quarter. TD Asset Management Inc now owns 297,208 shares of the company's stock worth $2,271,000 after acquiring an additional 20,919 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in TELUS International (Cda) during the 3rd quarter worth $2,109,000. Institutional investors and hedge funds 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.