TELUS International (Cda) (NYSE:TIXT) Price Target Cut to $5.00 by Analysts at Scotiabank

TELUS International (Cda) (NYSE:TIXT) had its price objective cut by investment analysts at Scotiabank from $10.00 to $5.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 67.22% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Bank of America downgraded 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. TD Securities reiterated a “hold” rating and set a $3.75 price objective (down from $10.00) on shares of TELUS International (Cda) in a report on Tuesday. Barclays lowered their target price on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Monday. William Blair lowered TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada lowered TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $10.00 to $5.00 in a report on Monday. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.32.

TELUS International (Cda) Trading Down 2.0 %

Shares of NYSE:TIXT traded down $0.06 during trading on Wednesday, reaching $2.99. The stock had a trading volume of 703,414 shares, compared to its average volume of 272,221. TELUS International has a 52 week low of $2.95 and a 52 week high of $11.51. The firm’s fifty day moving average is $5.87 and its 200 day moving average is $7.62. The stock has a market cap of $319.42 million, a price-to-earnings ratio of 19.93, a P/E/G ratio of 0.61 and a beta of 0.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.16.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $652.00 million for the quarter, compared to the consensus estimate of $682.32 million. TELUS International (Cda) had a net margin of 2.54% and a return on equity of 11.67%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. As a group, equities analysts forecast that TELUS International will post 0.95 EPS for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Several hedge funds and other institutional investors have recently bought and sold shares of TIXT. Swiss National Bank boosted its holdings in shares of TELUS International (Cda) by 2.1% during the first quarter. Swiss National Bank now owns 149,000 shares of the company’s stock worth $1,261,000 after purchasing an additional 3,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TELUS International (Cda) by 32.4% in the 2nd 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 during the period. TD Asset Management Inc grew its position in shares of TELUS International (Cda) by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock worth $1,472,000 after buying an additional 5,351 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of TELUS International (Cda) by 49.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,341 shares of the company’s stock valued at $166,000 after buying an additional 6,406 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its holdings 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 valued at $514,000 after acquiring an additional 6,560 shares in the last quarter. Institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Company Profile

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.