TELUS International (Cda) (NYSE:TIXT) Price Target Raised to $4.00 at TD Securities

TELUS International (Cda) (NYSE:TIXT) had its price objective hoisted by TD Securities from $3.75 to $4.00 in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 price target for the company. Stifel Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, TELUS International (Cda) presently has a consensus rating of “Hold” and an average target price of $7.21.

TELUS International (Cda) Stock Down 3.7 %

TELUS International (Cda) stock opened at $3.75 on Friday. TELUS International has a 52-week low of $2.83 and a 52-week high of $11.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50-day moving average price of $3.74 and a two-hundred day moving average price of $3.75.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. As a group, equities analysts predict that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of TELUS International (Cda)

A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of TELUS International (Cda) by 15.1% during the 3rd 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 last quarter. Wells Fargo & Company MN raised its position in shares of TELUS International (Cda) by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock worth $1,244,000 after purchasing an additional 3,397 shares during the period. Franklin Resources Inc. lifted its holdings in shares of TELUS International (Cda) by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 113,690 shares of the company’s stock valued at $446,000 after purchasing an additional 3,667 shares during the last quarter. DGS Capital Management LLC boosted its position in shares of TELUS International (Cda) by 16.4% in the 3rd quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock valued at $144,000 after purchasing an additional 5,164 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of TELUS International (Cda) by 17.5% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company’s stock valued at $220,000 after purchasing an additional 8,350 shares during the period. 59.55% of the stock is currently 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.