TELUS International (Cda) (NYSE:TIXT) Price Target Cut to $8.50

TELUS International (Cda) (NYSE:TIXT) had its price objective lowered by analysts at Citigroup from $10.00 to $8.50 in a research report issued to clients and investors on Monday, April 22nd, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 35.35% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird lowered their price target on shares of TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. TheStreet raised shares of TELUS International (Cda) from a “d” rating to a “c-” rating in a report on Monday, February 12th. Guggenheim initiated coverage on shares of TELUS International (Cda) in a report on Tuesday, March 19th. They issued a “neutral” rating and a $9.00 price target on the stock. CIBC lowered their price target on shares of TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. Finally, BMO Capital Markets increased their price target on shares of TELUS International (Cda) from $8.00 to $10.50 and gave the company a “market perform” rating in a report on Monday, February 12th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.10.

TELUS International (Cda) Stock Down 1.3 %

NYSE TIXT traded down $0.08 on Monday, reaching $6.28. The company had a trading volume of 245,246 shares, compared to its average volume of 216,768. The firm has a market capitalization of $670.89 million, a price-to-earnings ratio of 42.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14. TELUS International has a 1-year low of $6.03 and a 1-year high of $17.56. The company’s fifty day moving average is $8.45 and its 200-day moving average is $8.36.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly 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. The firm had revenue of $657.00 million for the quarter, compared to analysts’ expectations of $675.33 million. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. On average, research analysts forecast that TELUS International will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

Several large investors have recently modified their holdings of TIXT. Ronald Blue Trust Inc. bought a new position in TELUS International (Cda) during the third quarter worth $30,000. Shell Asset Management Co. bought a new position in TELUS International (Cda) during the third quarter worth $45,000. Blue Trust Inc. raised its stake in TELUS International (Cda) by 142.0% during the fourth quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock worth $82,000 after buying an additional 5,631 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in TELUS International (Cda) during the third quarter worth $99,000. Finally, SG Americas Securities LLC bought a new position in TELUS International (Cda) during the fourth quarter worth $124,000. 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.