National Bank Financial Forecasts TIXT Q4 Earnings

TELUS International (Cda) Inc. (NYSE:TIXT) – Stock analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of TELUS International (Cda) in a research note issued on Sunday, November 10th. National Bank Financial analyst R. Tse forecasts that the company will earn $0.00 per share for the quarter. The consensus estimate for TELUS International (Cda)’s current full-year earnings is $0.44 per share.

Other research analysts have also recently issued reports about the stock. Bank of America cut shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $11.00 to $4.00 in a report on Monday, August 5th. Cibc World Mkts lowered shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. CIBC downgraded TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research note on Tuesday, August 6th. Desjardins raised TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Finally, Scotiabank lowered their target price 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, TELUS International (Cda) presently has a consensus rating of “Hold” and a consensus price target of $7.37.

TELUS International (Cda) Stock Performance

Shares of NYSE:TIXT opened at $3.75 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.09. The business has a 50-day simple moving average of $3.74 and a two-hundred day simple moving average of $4.93. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51.

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

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds have recently modified their holdings of the company. QV Investors Inc. raised its position in shares of TELUS International (Cda) by 398.0% during the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock valued at $23,496,000 after purchasing an additional 4,804,521 shares during the period. Horrell Capital Management Inc. bought a new stake in TELUS International (Cda) during the third quarter valued at about $2,248,000. Mackenzie Financial Corp raised its holdings in TELUS International (Cda) by 5.9% during the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after acquiring an additional 472,103 shares during the period. Forge First Asset Management Inc. purchased a new position in shares of TELUS International (Cda) in the first quarter valued at about $2,758,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in shares of TELUS International (Cda) by 5.8% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock worth $12,301,000 after acquiring an additional 173,477 shares during the period. 59.55% of the stock is currently owned by 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.