TELUS International (Cda) (NYSE:TIXT) Upgraded by Desjardins to Hold

Desjardins upgraded shares of TELUS International (Cda) (NYSE:TIXT) to a hold rating in a research report report published on Thursday, Zacks.com reports.

Several other brokerages also recently weighed in on TIXT. BMO Capital Markets cut their target price on shares of TELUS International (Cda) from $7.50 to $4.75 and set a market perform rating on the stock in a research note on Monday, August 5th. William Blair downgraded TELUS International (Cda) from an outperform rating to a market perform rating in a research report on Friday, August 2nd. Bank of America cut shares of TELUS International (Cda) from a buy rating to an underperform rating and reduced their target price for the company from $11.00 to $4.00 in a report on Monday, August 5th. CIBC cut shares of TELUS International (Cda) from a sector outperform rating to a neutral rating in a report on Tuesday, August 6th. Finally, Robert W. Baird reduced their price objective on shares of TELUS International (Cda) from $8.00 to $4.00 and set a neutral rating on the stock in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $7.55.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $3.79 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $404.35 million, a P/E ratio of 25.23, a P/E/G ratio of 1.16 and a beta of 0.68. The firm’s 50 day moving average price is $4.04 and its 200-day moving average price is $5.99. TELUS International has a one year low of $2.83 and a one year high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $652.00 million during the quarter, compared to analyst estimates of $682.32 million. TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, equities research analysts predict that TELUS International will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TIXT. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TELUS International (Cda) by 32.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock valued at $117,000 after purchasing an additional 4,973 shares during the last quarter. Aristides Capital LLC purchased a new position in TELUS International (Cda) during the 4th quarter worth $184,000. XTX Topco Ltd acquired a new stake in shares of TELUS International (Cda) in the 2nd quarter worth $191,000. National Bank of Canada FI boosted its holdings in shares of TELUS International (Cda) by 971.6% in the second quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock valued at $441,000 after acquiring an additional 68,403 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of TELUS International (Cda) by 12.1% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock worth $514,000 after acquiring an additional 6,560 shares during the period. 59.55% of the stock is owned by hedge funds and other institutional investors.

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.