TELUS International (Cda) (NYSE:TIXT) Given New $10.50 Price Target at BMO Capital Markets

TELUS International (Cda) (NYSE:TIXTFree Report) had its target price boosted by BMO Capital Markets from $8.00 to $10.50 in a research note issued to investors on Monday, MarketBeat Ratings reports. BMO Capital Markets currently has a market perform rating on the stock.

TIXT has been the subject of a number of other reports. TD Securities decreased their price target on TELUS International (Cda) from $12.00 to $10.50 and set a buy rating for the company in a research note on Monday, November 6th. CIBC raised their price objective on TELUS International (Cda) from $19.00 to $21.50 and gave the stock an outperform rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. reduced their price objective on TELUS International (Cda) from $12.00 to $8.00 and set a neutral rating for the company in a research note on Monday, November 6th. National Bankshares reduced their price objective on TELUS International (Cda) from $16.00 to $10.00 and set a sector perform rating for the company in a research note on Thursday, October 26th. Finally, Barclays reduced their price objective on TELUS International (Cda) from $11.00 to $9.00 and set an equal weight rating for the company in a research note on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, TELUS International (Cda) currently has an average rating of Moderate Buy and a consensus price target of $14.14.

Read Our Latest Research Report on TIXT

TELUS International (Cda) Stock Up 6.9 %

TIXT opened at $10.05 on Monday. TELUS International has a 12 month low of $6.03 and a 12 month high of $22.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $734.45 million, a P/E ratio of 67.00, a P/E/G ratio of 8.66 and a beta of 0.85. The stock’s 50 day moving average price is $8.53 and its 200 day moving average price is $8.02.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last posted its earnings results on Friday, February 9th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. TELUS International (Cda) had a return on equity of 11.80% and a net margin of 1.99%. The firm had revenue of $692.00 million for the quarter, compared to analysts’ expectations of $691.00 million. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts predict that TELUS International will post 1.01 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alberta Investment Management Corp raised its holdings in shares of TELUS International (Cda) by 948.9% during the fourth quarter. Alberta Investment Management Corp now owns 137,400 shares of the company’s stock worth $1,186,000 after acquiring an additional 124,300 shares in the last quarter. Scotia Capital Inc. raised its holdings in TELUS International (Cda) by 432.0% during the fourth quarter. Scotia Capital Inc. now owns 82,021 shares of the company’s stock valued at $700,000 after buying an additional 66,603 shares in the last quarter. Clearbridge Investments LLC bought a new position in TELUS International (Cda) during the fourth quarter valued at about $26,554,000. Vanguard Personalized Indexing Management LLC raised its holdings in TELUS International (Cda) by 49.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,341 shares of the company’s stock valued at $166,000 after buying an additional 6,406 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in TELUS International (Cda) during the fourth quarter valued at about $1,599,000. 59.55% of the stock is currently owned by hedge funds and other institutional investors.

About TELUS International (Cda)

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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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