BMO Capital Markets Cuts TELUS International (Cda) (NYSE:TIXT) Price Target to $7.50

TELUS International (Cda) (NYSE:TIXT - Free Report) had its price target trimmed by BMO Capital Markets from $9.50 to $7.50 in a research note released on Friday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

TIXT has been the topic of several other research reports. CIBC cut their price objective on TELUS International (Cda) from $21.50 to $20.00 and set an outperform rating on the stock in a report on Wednesday, March 20th. Guggenheim assumed coverage on TELUS International (Cda) in a report on Tuesday, March 19th. They set a neutral rating and a $9.00 price objective on the stock. Citigroup lowered their target price on TELUS International (Cda) from $10.00 to $8.50 and set a neutral rating on the stock in a research note on Monday, April 22nd. Canaccord Genuity Group lowered their target price on TELUS International (Cda) from $16.50 to $16.00 and set a buy rating on the stock in a research note on Tuesday. Finally, Barclays lowered their target price on TELUS International (Cda) from $12.00 to $9.00 and set an equal weight rating on the stock in a research note on Friday, April 26th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, TELUS International (Cda) currently has a consensus rating of Hold and an average price target of $12.97.

TELUS International (Cda) Price Performance

Shares of NYSE TIXT traded up $0.01 during mid-day trading on Friday, reaching $6.37. The company had a trading volume of 829,754 shares, compared to its average volume of 181,474. TELUS International has a 1-year low of $6.03 and a 1-year high of $17.56. The stock has a market cap of $680.51 million, a PE ratio of 42.47, a P/E/G ratio of 0.99 and a beta of 0.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $8.45 and a two-hundred day moving average price of $8.36.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $657.00 million for the quarter, compared to the consensus estimate 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 for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS. On average, equities analysts anticipate that TELUS International will post 0.89 earnings per share for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shell Asset Management Co. acquired a new stake in TELUS International (Cda) in the 3rd quarter valued at approximately $45,000. Blue Trust Inc. raised its stake in TELUS International (Cda) by 142.0% during the 4th 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 last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in TELUS International (Cda) in the 3rd quarter valued at $99,000. SG Americas Securities LLC acquired a new stake in TELUS International (Cda) in the 4th quarter worth $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of TELUS International (Cda) during the 4th quarter worth about $132,000. 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.