TELUS International (Cda) (NYSE:TIXT) Earns Neutral Rating from Analysts at Guggenheim

Research analysts at Guggenheim initiated coverage on shares of TELUS International (Cda) (NYSE:TIXTGet Free Report) in a research report issued to clients and investors on Tuesday, March 19th, MarketBeat reports. The brokerage set a “neutral” rating and a $9.00 price target on the stock. Guggenheim’s price target would indicate a potential upside of 43.31% from the company’s previous close.

A number of other research analysts also recently weighed in on TIXT. BMO Capital Markets increased their target price on shares of TELUS International (Cda) from $8.00 to $10.50 and gave the company a “market perform” rating in a research report on Monday, February 12th. Citigroup lifted their price objective on TELUS International (Cda) from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Canaccord Genuity Group lifted their price objective on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Monday, February 12th. Barclays lifted their price target on shares of TELUS International (Cda) from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Finally, TheStreet upgraded TELUS International (Cda) from a “d” rating to a “c-” rating in a research report on Monday, February 12th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.10.

Check Out Our Latest Stock Analysis on TELUS International (Cda)

TELUS International (Cda) Price Performance

NYSE TIXT traded down $0.08 during trading on Tuesday, hitting $6.28. 245,246 shares of the company’s stock were exchanged, compared to its average volume of 216,768. The stock’s 50 day moving average price is $8.45 and its two-hundred day moving average price is $8.36. TELUS International has a fifty-two week low of $6.03 and a fifty-two week high of $17.56. The company has a market cap of $670.89 million, a PE ratio of 42.34, a P/E/G ratio of 1.00 and a beta of 0.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $657.00 million during 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 business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Research analysts expect that TELUS International will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TIXT. Ronald Blue Trust Inc. acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at $30,000. Shell Asset Management Co. purchased a new position in TELUS International (Cda) during the third quarter worth about $45,000. Blue Trust Inc. lifted its position in shares of TELUS International (Cda) by 142.0% during the 4th quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock valued at $82,000 after acquiring an additional 5,631 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in TELUS International (Cda) in the 3rd quarter valued at about $99,000. Finally, SG Americas Securities LLC acquired a new stake in shares of TELUS International (Cda) during the 4th quarter worth about $124,000. 59.55% of the stock is currently owned by hedge funds and other institutional investors.

TELUS International (Cda) Company Profile

(Get Free Report)

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.

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Analyst Recommendations for TELUS International (Cda) (NYSE:TIXT)

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