FY2024 Earnings Forecast for TIXT Issued By Desjardins

TELUS International (Cda) Inc. (NYSE:TIXT) – Equities research analysts at Desjardins boosted their FY2024 EPS estimates for TELUS International (Cda) in a research report issued to clients and investors on Sunday, November 10th. Desjardins analyst J. Dubreuil now forecasts that the company will post earnings of $0.45 per share for the year, up from their prior estimate of $0.44. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.44 per share. Desjardins also issued estimates for TELUS International (Cda)’s FY2025 earnings at $0.37 EPS and FY2026 earnings at $0.49 EPS.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The firm had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.10 million. During the same quarter in the previous year, the firm posted $0.19 EPS.

Other equities analysts have also recently issued reports about the company. CIBC cut TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, August 6th. TD Cowen cut shares of TELUS International (Cda) from a “buy” rating to a “hold” rating and cut their price objective for the stock from $10.00 to $3.75 in a research report on Tuesday, August 6th. Royal Bank of Canada downgraded shares of TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $10.00 to $5.00 in a research note on Monday, August 5th. Cibc World Mkts downgraded shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets decreased their price objective 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. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.37.

TELUS International (Cda) Stock Down 3.8 %

Shares of TIXT stock opened at $3.75 on Tuesday. TELUS International has a 1 year low of $2.83 and a 1 year high of $11.51. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $3.74 and a 200 day simple moving average of $4.93.

Institutional Trading of TELUS International (Cda)

Several institutional investors and hedge funds have recently bought and sold shares of the company. Swiss National Bank increased its position in shares of TELUS International (Cda) by 2.1% during the 1st quarter. Swiss National Bank now owns 149,000 shares of the company’s stock valued at $1,261,000 after purchasing an additional 3,000 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of TELUS International (Cda) by 12.4% during the 1st quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company’s stock worth $809,000 after acquiring an additional 10,501 shares during the period. Forge First Asset Management Inc. purchased a new position in TELUS International (Cda) during the 1st quarter valued at about $2,758,000. 1832 Asset Management L.P. raised its stake in TELUS International (Cda) by 5.3% during the first quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company’s stock valued at $10,873,000 after buying an additional 64,570 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of TELUS International (Cda) by 32.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after buying an additional 4,973 shares in the last quarter. 59.55% of the stock is currently 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.