TELUS International (Cda) (NYSE:TIXT) Coverage Initiated at Stifel Nicolaus

Equities research analysts at Stifel Nicolaus started coverage on shares of TELUS International (Cda) (NYSE:TIXT) in a research note issued on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $5.00 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 40.96% from the company’s current price.

Separately, Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.20.

TELUS International (Cda) Price Performance

NYSE:TIXT opened at $3.55 on Thursday. The firm has a market cap of $975.43 million, a price-to-earnings ratio of -70.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average is $3.75 and its two-hundred day moving average is $4.10. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same period in the prior year, the firm earned $0.19 EPS. Research analysts expect that TELUS International will post 0.43 EPS for the current year.

Institutional Trading of TELUS International (Cda)

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in TELUS International (Cda) during the 3rd quarter worth approximately $24,223,000. Barclays PLC grew its position in TELUS International (Cda) by 118.8% in the third quarter. Barclays PLC now owns 30,629 shares of the company’s stock valued at $120,000 after acquiring an additional 16,629 shares in the last quarter. QV Investors Inc. grew its position in TELUS International (Cda) by 398.0% in the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock valued at $23,496,000 after acquiring an additional 4,804,521 shares in the last quarter. Horrell Capital Management Inc. acquired a new stake in TELUS International (Cda) in the third quarter valued at approximately $2,248,000. Finally, Mackenzie Financial Corp grew its position in TELUS International (Cda) by 5.9% in the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after acquiring an additional 472,103 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

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.