TELUS International (Cda) Inc. (NYSE:TIXT) Given Average Recommendation of “Reduce” by Brokerages

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

A number of brokerages have commented on TIXT. Stifel Nicolaus started coverage on shares of TELUS International (Cda) in a research report on Thursday. They set a “buy” rating and a $5.00 price objective for the company. Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th.

TELUS International (Cda) Trading Up 1.5 %

NYSE TIXT opened at $3.36 on Thursday. The firm’s fifty day moving average price is $3.77 and its 200 day moving average price is $4.11. TELUS International has a 12 month low of $2.83 and a 12 month 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 company has a market capitalization of $924 million, a price-to-earnings ratio of -67.20, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67.

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. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, sell-side analysts expect that TELUS International will post 0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

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

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.