TELUS International (Cda) Inc. (NYSE:TIXT) Given Consensus Recommendation of “Reduce” by Brokerages

TELUS International (Cda) Inc. (NYSE:TIXT) has received a consensus recommendation of “Reduce” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $7.55.

A number of equities analysts recently weighed in on the stock. William Blair lowered shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Scotiabank decreased their price objective on TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating for the company 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. 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 research report on Monday, August 5th. Finally, TD Cowen cut shares of TELUS International (Cda) from a “buy” rating to a “hold” rating and decreased their price target for the stock from $10.00 to $3.75 in a research note on Tuesday, August 6th.

TELUS International (Cda) Price Performance

TIXT opened at $3.57 on Friday. The company has a fifty day simple moving average of $4.31 and a 200 day simple moving average of $6.19. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $381.38 million, a P/E ratio of 23.80, a P/E/G ratio of 1.18 and a beta of 0.68. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The business had revenue of $652.00 million during the quarter, compared to the consensus estimate of $682.32 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, research analysts expect that TELUS International will post 0.44 EPS for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors boosted its position in TELUS International (Cda) by 5.2% during the fourth quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock worth $119,621,000 after purchasing an additional 689,468 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of TELUS International (Cda) by 5.9% during the 2nd quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after buying an additional 472,103 shares during the period. Clearbridge Investments LLC acquired a new position in TELUS International (Cda) in the 4th quarter valued at about $26,554,000. 1832 Asset Management L.P. grew its stake in TELUS International (Cda) by 5.3% in the 1st 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, Forge First Asset Management Inc. bought a new position in TELUS International (Cda) in the 1st quarter valued at about $2,758,000. 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.