Barclays Lowers TELUS International (Cda) (NYSE:TIXT) Price Target to $7.00

TELUS International (Cda) (NYSE:TIXTGet Free Report) had its target price lowered by Barclays from $9.00 to $7.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 7.86% from the company’s previous close.

TIXT has been the subject of a number of other reports. Canaccord Genuity Group decreased their target price on TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Guggenheim began coverage on shares of TELUS International (Cda) in a report on Tuesday, March 19th. They issued a “neutral” rating and a $9.00 target price for the company. Citigroup reduced their price objective 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. BMO Capital Markets lowered their price target on shares of TELUS International (Cda) from $9.50 to $7.50 and set a “market perform” rating on the stock in a report on Friday. Finally, Robert W. Baird lowered their price objective on TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Nine 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 stock currently has an average rating of “Hold” and an average price target of $12.83.

Read Our Latest Stock Analysis on TIXT

TELUS International (Cda) Trading Up 1.7 %

TIXT stock traded up $0.11 during midday trading on Monday, hitting $6.49. The stock had a trading volume of 262,981 shares, compared to its average volume of 223,863. The business has a fifty day moving average price of $8.37 and a two-hundred day moving average price of $8.38. TELUS International has a 1-year low of $6.03 and a 1-year high of $17.34. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The firm has a market cap of $693.33 million, a P/E ratio of 42.80, a price-to-earnings-growth ratio of 0.80 and a beta of 0.86.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. TELUS International (Cda) had a return on equity of 11.67% and a net margin of 2.54%. The business had revenue of $657.00 million during the quarter, compared to analysts’ expectations of $675.33 million. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. On average, sell-side analysts predict that TELUS International will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC bought a new position in TELUS International (Cda) during the 4th quarter worth approximately $26,554,000. Capital Research Global Investors grew its holdings in shares of TELUS International (Cda) by 5.2% in the fourth quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock worth $119,621,000 after purchasing an additional 689,468 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in shares of TELUS International (Cda) in the first quarter worth $2,758,000. Quadrature Capital Ltd bought a new stake in TELUS International (Cda) during the 3rd quarter valued at $2,109,000. Finally, 1832 Asset Management L.P. boosted its position in TELUS International (Cda) by 23.9% during the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock valued at $10,474,000 after buying an additional 235,500 shares during the period. Institutional investors own 59.55% of the company’s stock.

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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