TELUS International (Cda) (NYSE:TIXT) Price Target Cut to $3.00 by Analysts at Scotiabank

TELUS International (Cda) (NYSE:TIXT - Get Free Report) had its price target lowered by equities research analysts at Scotiabank from $5.00 to $3.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's price target would suggest a potential upside of 16.73% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a research report on Thursday, January 16th. They issued a "buy" rating and a $5.00 price objective for the company. TD Securities increased their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the company a "hold" rating in a research report on Friday, February 14th. National Bankshares cut their price objective on TELUS International (Cda) from $4.25 to $3.00 and set a "sector perform" rating on the stock in a research report on Friday, April 25th. Stifel Canada raised TELUS International (Cda) to a "strong-buy" rating in a research report on Wednesday, January 15th. Finally, Barclays cut their price target on shares of TELUS International (Cda) from $5.00 to $3.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $5.21.

TELUS International (Cda) Stock Up 0.8 %

TIXT stock traded up $0.02 during mid-day trading on Tuesday, reaching $2.57. 245,152 shares of the company traded hands, compared to its average volume of 401,880. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm's 50 day moving average price is $2.62 and its 200 day moving average price is $3.36. The stock has a market cap of $708.42 million, a price-to-earnings ratio of -7.34, a P/E/G ratio of 4.71 and a beta of 0.71. TELUS International has a fifty-two week low of $2.13 and a fifty-two week high of $8.18.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The company had revenue of $691.00 million for the quarter, compared to the consensus estimate of $672.44 million. As a group, equities research analysts predict that TELUS International will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

Several hedge funds have recently bought and sold shares of TIXT. Wells Fargo & Company MN grew its holdings in shares of TELUS International (Cda) by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company's stock worth $1,244,000 after purchasing an additional 3,397 shares in the last quarter. Franklin Resources Inc. grew its stake in TELUS International (Cda) by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 113,690 shares of the company's stock worth $446,000 after buying an additional 3,667 shares in the last quarter. DGS Capital Management LLC increased its holdings in shares of TELUS International (Cda) by 16.4% in the 3rd quarter. DGS Capital Management LLC now owns 36,742 shares of the company's stock worth $144,000 after buying an additional 5,164 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of TELUS International (Cda) by 18.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company's stock valued at $137,000 after buying an additional 5,509 shares in the last quarter. Finally, Blue Trust Inc. grew its position in TELUS International (Cda) by 27.3% in the fourth quarter. Blue Trust Inc. now owns 28,560 shares of the company's stock worth $112,000 after acquiring an additional 6,132 shares in the last quarter. Hedge funds and other institutional investors 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.