TELUS International (Cda) (NYSE:TIXT) Rating Increased to Hold at Desjardins

TELUS International (Cda) (NYSE:TIXT) was upgraded by stock analysts at Desjardins to a “hold” rating in a report issued on Thursday, Zacks.com reports.

Several other research firms have also recently issued reports on TIXT. Scotiabank dropped their price target on TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Cibc World Mkts lowered TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. William Blair lowered TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. BMO Capital Markets reduced their price target on TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating for the company in a report on Monday, August 5th. Finally, Bank of America downgraded TELUS International (Cda) from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $11.00 to $4.00 in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.55.

TELUS International (Cda) Stock Up 4.8 %

Shares of NYSE:TIXT opened at $3.79 on Thursday. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $404.35 million, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.16 and a beta of 0.68. The company has a fifty day simple moving average of $4.04 and a 200 day simple moving average of $5.99.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The business had revenue of $652.00 million for the quarter, compared to the consensus estimate of $682.32 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities research analysts anticipate that TELUS International will post 0.43 EPS for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Several hedge funds have recently bought and sold shares of TIXT. Capital Research Global Investors lifted its holdings in shares of TELUS International (Cda) by 5.2% in the fourth quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock valued at $119,621,000 after purchasing an additional 689,468 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of TELUS International (Cda) by 5.9% in the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after purchasing an additional 472,103 shares during the last quarter. Forge First Asset Management Inc. acquired a new position in TELUS International (Cda) during the first quarter worth $2,758,000. 1832 Asset Management L.P. increased its stake in TELUS International (Cda) by 23.9% in the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock valued at $10,474,000 after buying an additional 235,500 shares during the last quarter. Finally, Alberta Investment Management Corp raised its stake in shares of TELUS International (Cda) by 948.9% during the 4th quarter. Alberta Investment Management Corp now owns 137,400 shares of the company’s stock worth $1,186,000 after purchasing an additional 124,300 shares in the last quarter. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.