TELUS International (Cda) (NYSE:TIXT) Raised to “Hold” at Desjardins

Desjardins upgraded shares of TELUS International (Cda) (NYSE:TIXT) to a hold rating in a research note published on Thursday morning, Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets lowered their price target on TELUS International (Cda) from $7.50 to $4.75 and set a market perform rating for the company in a research note on Monday, August 5th. Robert W. Baird decreased their price objective on TELUS International (Cda) from $8.00 to $4.00 and set a neutral rating on the stock in a report on Monday, August 5th. Bank of America cut shares of TELUS International (Cda) from a buy rating to an underperform rating and lowered their target price for the company from $11.00 to $4.00 in a research note on Monday, August 5th. William Blair lowered TELUS International (Cda) from an outperform rating to a market perform rating in a research note on Friday, August 2nd. Finally, Barclays decreased their price objective on shares of TELUS International (Cda) from $7.00 to $5.00 and set an equal weight rating on the stock in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, TELUS International (Cda) currently has a consensus rating of Hold and a consensus target price of $7.55.

TELUS International (Cda) Stock Performance

NYSE:TIXT opened at $3.79 on Thursday. The firm has a market cap of $404.89 million, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.68. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51. The company has a 50-day moving average of $4.04 and a 200-day moving average of $5.96. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75.

TELUS International (Cda) (NYSE:TIXT) last released 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). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The firm had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $682.32 million. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. Analysts forecast that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp grew its holdings in TELUS International (Cda) by 5.9% during the 2nd 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 period. Marshall Wace LLP grew its position in shares of TELUS International (Cda) by 2.3% in the 2nd quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after purchasing an additional 5,017 shares during the period. XTX Topco Ltd bought a new stake in TELUS International (Cda) during the 2nd quarter worth approximately $191,000. National Bank of Canada FI raised 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 period. Finally, TD Asset Management Inc raised its holdings in TELUS International (Cda) by 2.1% during the 2nd quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock worth $1,472,000 after buying an additional 5,351 shares during the period. 59.55% of the stock is owned by institutional investors.

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.