TELUS International (Cda) Inc. (NYSE:TIXT) Given Consensus Rating of “Reduce” by Analysts

TELUS International (Cda) Inc. (NYSE:TIXT) has earned an average recommendation of “Reduce” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $7.55.

A number of research firms recently weighed in on TIXT. Cibc World Mkts downgraded TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. TD Securities reaffirmed a “hold” rating and set a $3.75 price target (down from $10.00) on shares of TELUS International (Cda) in a research note on Tuesday, August 6th. Barclays reduced their price objective on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Royal Bank of Canada cut TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $10.00 to $5.00 in a research report on Monday, August 5th. Finally, Canaccord Genuity Group cut their price objective on TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th.

Hedge Funds Weigh In On TELUS International (Cda)

A number of large investors have recently bought and sold shares of TIXT. Mackenzie Financial Corp increased its stake in TELUS International (Cda) by 5.9% during the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after acquiring an additional 472,103 shares during the last quarter. Marshall Wace LLP raised its holdings in TELUS International (Cda) by 2.3% in the second quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after acquiring an additional 5,017 shares in the last quarter. XTX Topco Ltd bought a new position in shares of TELUS International (Cda) during the second quarter worth about $191,000. National Bank of Canada FI lifted its holdings in TELUS International (Cda) by 971.6% during the 2nd quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock worth $441,000 after buying an additional 68,403 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in TELUS International (Cda) by 2.1% during the second quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock worth $1,472,000 after purchasing an additional 5,351 shares during the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Price Performance

Shares of NYSE:TIXT opened at $3.66 on Tuesday. The stock has a market capitalization of $391.00 million, a price-to-earnings ratio of 24.40, a PEG ratio of 1.23 and a beta of 0.74. TELUS International has a one year low of $2.83 and a one year high of $11.51. The company has a 50-day simple moving average of $5.00 and a 200-day simple moving average of $6.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.09.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $682.32 million. TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. On average, analysts predict that TELUS International will post 0.44 EPS for the current year.

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.