Scotiabank Cuts TELUS International (Cda) (NYSE:TIXT) Price Target to $3.00

TELUS International (Cda) (NYSE:TIXT - Get Free Report) had its target price cut by Scotiabank from $5.00 to $3.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "sector perform" rating on the stock. Scotiabank's target price would suggest a potential upside of 20.72% from the company's previous close.

Several other equities analysts also recently issued reports on the company. Stifel Nicolaus initiated coverage on 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 upped their price target on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Stifel Canada upgraded shares of TELUS International (Cda) to a "strong-buy" rating in a research report on Wednesday, January 15th. National Bankshares dropped their target price on shares of TELUS International (Cda) from $4.25 to $3.00 and set a "sector perform" rating for the company in a research note on Friday. Finally, Barclays lowered their price target on shares of TELUS International (Cda) from $5.00 to $3.00 and set an "equal weight" rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, TELUS International (Cda) has an average rating of "Hold" and an average price target of $5.21.

TELUS International (Cda) Price Performance

NYSE:TIXT traded down $0.01 during trading hours on Tuesday, reaching $2.49. The company had a trading volume of 16,569 shares, compared to its average volume of 399,639. 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 stock has a 50-day moving average of $2.68 and a two-hundred day moving average of $3.39. TELUS International has a one year low of $2.13 and a one year high of $8.49. The firm has a market capitalization of $684.99 million, a PE ratio of -7.10, a PEG ratio of 4.71 and a beta of 0.71.

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

Hedge Funds Weigh In On TELUS International (Cda)

Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in shares of TELUS International (Cda) by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 316,626 shares of the company's stock valued at $1,244,000 after acquiring an additional 3,397 shares during the period. Franklin Resources Inc. raised its holdings in TELUS International (Cda) by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 113,690 shares of the company's stock worth $446,000 after purchasing an additional 3,667 shares during the period. DGS Capital Management LLC boosted its position in shares of TELUS International (Cda) by 16.4% during the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company's stock worth $144,000 after purchasing an additional 5,164 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of TELUS International (Cda) by 18.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company's stock worth $137,000 after purchasing an additional 5,509 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of TELUS International (Cda) by 27.3% in the 4th quarter. Blue Trust Inc. now owns 28,560 shares of the company's stock valued at $112,000 after buying an additional 6,132 shares during the period. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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