TELUS International (Cda) (NYSE:TIXT) Updates FY 2022 Earnings Guidance

TELUS International (Cda) (NYSE:TIXTGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.18-$1.23 for the period, compared to the consensus estimate of $1.19. The company issued revenue guidance of $2.55 billion-$2.60 billion, compared to the consensus revenue estimate of $2.58 billion.

Shares of NYSE TIXT opened at $24.63 on Monday. The company has a fifty day moving average price of $23.67 and a 200 day moving average price of $27.72. The firm has a market cap of $6.55 billion, a PE ratio of 60.07, a PEG ratio of 1.12 and a beta of 1.14. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. TELUS International has a 1-year low of $20.73 and a 1-year high of $39.91.

A number of research firms recently issued reports on TIXT. William Blair reiterated an outperform rating on shares of TELUS International (Cda) in a report on Monday, May 9th. Morgan Stanley reduced their target price on shares of TELUS International (Cda) from $34.00 to $31.00 and set an equal weight rating for the company in a report on Friday, February 11th. TD Securities lowered their price target on shares of TELUS International (Cda) from $38.00 to $33.00 and set a buy rating on the stock in a research note on Monday, May 9th. Wells Fargo & Company initiated coverage on shares of TELUS International (Cda) in a research note on Monday, April 4th. They set an overweight rating and a $35.00 price objective for the company. Finally, Citigroup lowered their target price on TELUS International (Cda) from $32.00 to $30.00 in a research report on Monday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $34.00.

A number of institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new position in TELUS International (Cda) during the first quarter worth $46,000. Morgan Stanley bought a new stake in shares of TELUS International (Cda) during the 1st quarter worth about $109,000. JPMorgan Chase & Co. acquired a new position in TELUS International (Cda) in the 4th quarter valued at about $170,000. Advisor Group Holdings Inc. raised its holdings in TELUS International (Cda) by 156.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,241 shares of the company’s stock valued at $228,000 after acquiring an additional 5,631 shares during the period. Finally, Credit Suisse AG acquired a new stake in TELUS International (Cda) during the fourth quarter worth approximately $269,000. 39.28% of the stock is owned by institutional investors and hedge funds.

About TELUS International (Cda) (Get Rating)

TELUS International (Cda) Inc provides customer experience and digital business services in Europe, North America, the Asia-Pacific, and the Central America. It offers digital experience solutions, such as AI and bots, omnichannel CX, mobility solutions, cloud contact center, big data, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, customer care, technical support, sales growth and retention, and healthcare/patient experience.

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