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

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

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

TELUS International (Cda) Trading Down 8.7 %

TELUS International (Cda) stock opened at $2.38 on Tuesday. TELUS International has a one year low of $2.31 and a one year high of $8.96. The company’s fifty day moving average price is $3.18 and its two-hundred day moving average price is $3.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $653.13 million, a price-to-earnings ratio of -6.79, a PEG ratio of 4.71 and a beta of 0.71.

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

Institutional Trading of TELUS International (Cda)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TIXT. Mackenzie Financial Corp raised its stake in TELUS International (Cda) by 31.1% during the fourth quarter. Mackenzie Financial Corp now owns 10,868,451 shares of the company’s stock worth $42,673,000 after acquiring an additional 2,578,241 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in TELUS International (Cda) during the 3rd quarter worth approximately $24,223,000. Clearbridge Investments LLC grew its position in TELUS International (Cda) by 27.2% during the 4th quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company’s stock worth $21,979,000 after acquiring an additional 1,198,312 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in TELUS International (Cda) by 1.2% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,189,850 shares of the company’s stock valued at $12,522,000 after purchasing an additional 38,587 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in TELUS International (Cda) by 209.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock valued at $8,222,000 after purchasing an additional 1,418,119 shares during the last quarter. Institutional investors own 59.55% of the company’s stock.

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.