Scotiabank Lowers TELUS International (Cda) (NYSE:TIXT) Price Target to $13.00

TELUS International (Cda) (NYSE:TIXT) had its price target decreased by research analysts at Scotiabank from $15.00 to $13.00 in a report issued on Monday, April 29th, Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 107.01% from the stock’s current price.

Several other equities analysts also recently commented on TIXT. Barclays cut their target price on TELUS International (Cda) from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. TD Securities raised their price target on TELUS International (Cda) from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, February 12th. Robert W. Baird lowered their target price on TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Citigroup lowered their target price on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Finally, Canaccord Genuity Group lifted their target price on TELUS International (Cda) from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Monday, February 12th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, TELUS International (Cda) presently has an average rating of “Hold” and an average price target of $13.10.

TELUS International (Cda) Stock Down 1.3 %

Shares of NYSE TIXT traded down $0.08 during mid-day trading on Monday, reaching $6.28. 245,246 shares of the company traded hands, compared to its average volume of 216,768. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $670.89 million, a PE ratio of 42.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.86. The company’s fifty day moving average is $8.45 and its two-hundred day moving average is $8.36. TELUS International has a fifty-two week low of $6.03 and a fifty-two week high of $17.56.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Thursday, May 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $657.00 million for the quarter, compared to analyst estimates of $675.33 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. On average, analysts expect that TELUS International will post 0.89 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

A number of institutional investors have recently modified their holdings of the company. TD Asset Management Inc grew its position in shares of TELUS International (Cda) by 7.6% in the 3rd quarter. TD Asset Management Inc now owns 297,208 shares of the company’s stock valued at $2,271,000 after acquiring an additional 20,919 shares during the period. Barclays PLC grew its holdings in TELUS International (Cda) by 101.7% during the third quarter. Barclays PLC now owns 28,433 shares of the company’s stock worth $216,000 after purchasing an additional 14,333 shares during the period. Quantbot Technologies LP lifted its position in TELUS International (Cda) by 57.8% during the third quarter. Quantbot Technologies LP now owns 18,435 shares of the company’s stock worth $140,000 after acquiring an additional 6,755 shares during the last quarter. Swiss National Bank acquired a new stake in TELUS International (Cda) during the third quarter worth approximately $1,249,000. Finally, Shell Asset Management Co. acquired a new stake in TELUS International (Cda) during the third quarter worth approximately $45,000. 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.