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

TELUS International (Cda) Inc. (NYSE:TIXT) has received a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $6.00.

TIXT has been the subject of a number of research reports. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. TD Securities raised their price target on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target on the stock.

Institutional Investors Weigh In On TELUS International (Cda)

A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in shares of TELUS International (Cda) by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock valued at $1,244,000 after purchasing an additional 3,397 shares during the period. Franklin Resources Inc. raised its stake in TELUS International (Cda) by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 113,690 shares of the company’s stock worth $446,000 after buying an additional 3,667 shares during the period. DGS Capital Management LLC boosted its holdings in TELUS International (Cda) by 16.4% in the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock worth $144,000 after acquiring an additional 5,164 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in TELUS International (Cda) by 18.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company’s stock valued at $137,000 after acquiring an additional 5,509 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of TELUS International (Cda) by 27.3% during the fourth quarter. Blue Trust Inc. now owns 28,560 shares of the company’s stock valued at $112,000 after acquiring an additional 6,132 shares in the last quarter. 59.55% of the stock is currently owned by institutional investors and hedge funds.

TELUS International (Cda) Stock Performance

NYSE TIXT opened at $2.69 on Tuesday. TELUS International has a fifty-two week low of $2.58 and a fifty-two week high of $8.96. The stock has a market cap of $738.38 million, a PE ratio of -7.67, a PEG ratio of 4.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s fifty day moving average price is $3.28 and its two-hundred day moving average price is $3.58.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The firm had revenue of $691.00 million during the quarter, compared to analyst estimates of $672.44 million. On average, equities analysts expect that TELUS International will post 0.32 EPS for the current fiscal year.

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.