TELUS International (Cda) (NYSE:TIXT) Releases FY 2024 Earnings Guidance

TELUS International (Cda) (NYSE:TIXT) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.390-0.440 for the period, compared to the consensus EPS estimate of 0.430. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.6 billion.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TIXT shares. TD Cowen lowered TELUS International (Cda) from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.00 to $3.75 in a research report on Tuesday, August 6th. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. TD Securities reiterated a “hold” rating and issued a $3.75 price target (down from $10.00) on shares of TELUS International (Cda) in a research report on Tuesday, August 6th. 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. Finally, Barclays lowered their target price on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.37.

TELUS International (Cda) Trading Down 5.3 %

NYSE TIXT opened at $3.76 on Friday. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51. 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 stock’s 50 day moving average price is $3.72 and its two-hundred day moving average price is $5.01.

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.