TELUS International (Cda) Inc. (NYSE:TIXT) Receives Consensus Rating of “Reduce” from Analysts

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) have been assigned a consensus rating of “Reduce” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.37.

TIXT has been the subject of a number of recent research reports. Barclays cut their price target on TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Bank of America cut shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and reduced their target price for the company from $11.00 to $4.00 in a research note on Monday, August 5th. CIBC lowered shares of TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research note on Tuesday, August 6th. TD Cowen lowered shares of TELUS International (Cda) from a “buy” rating to a “hold” rating and reduced their price objective for the company from $10.00 to $3.75 in a research note on Tuesday, August 6th. Finally, Cibc World Mkts downgraded shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TIXT. Walleye Capital LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter worth about $60,000. Blue Trust Inc. increased its stake 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TELUS International (Cda) by 32.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock valued at $117,000 after acquiring an additional 4,973 shares in the last quarter. XTX Topco Ltd acquired a new position in TELUS International (Cda) in the 2nd quarter valued at approximately $191,000. Finally, National Bank of Canada FI lifted its position in shares of TELUS International (Cda) by 971.6% in the 2nd quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock worth $441,000 after acquiring an additional 68,403 shares during the period. 59.55% of the stock is owned by institutional investors.

TELUS International (Cda) Stock Performance

Shares of TIXT opened at $3.87 on Friday. The company has a market capitalization of $413.43 million, a PE ratio of -75.00, a PEG ratio of 1.25 and a beta of 0.68. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.02. The company’s 50 day moving average price is $3.75 and its 200 day moving average price is $4.92. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 business had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $650.10 million. During the same period in the previous year, the company posted $0.19 EPS. Research analysts expect that TELUS International will post 0.44 EPS for the current fiscal year.

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.