TELUS International (Cda) (NYSE:TIXT) Upgraded by Stifel Canada to “Strong-Buy” Rating

Stifel Canada upgraded shares of TELUS International (Cda) (NYSE:TIXT) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a report on Thursday. They issued a “buy” rating and a $5.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.20.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $3.64 on Wednesday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -73.78, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. TELUS International has a one year low of $2.83 and a one year high of $11.51. The company’s 50-day moving average is $3.75 and its 200 day moving average is $4.10.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The company had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.10 million. During the same period in the previous year, the business earned $0.19 EPS. Sell-side analysts expect that TELUS International will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of TELUS International (Cda) in the third quarter worth approximately $54,000. Walleye Capital LLC purchased a new position in shares of TELUS International (Cda) during the 3rd quarter valued at $60,000. PFW Advisors LLC bought a new position in TELUS International (Cda) in the 4th quarter worth $67,000. Blue Trust Inc. raised its holdings in TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after acquiring an additional 2,948 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of TELUS International (Cda) in the third quarter valued at about $96,000. 59.55% of the stock is currently owned by institutional investors.

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.