TELUS International (Cda) (NYSE:TIXT) Raised to “Strong-Buy” at Stifel Canada

TELUS International (Cda) (NYSE:TIXT) was upgraded by investment analysts at Stifel Canada to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on TIXT. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a report on Thursday. They set a “buy” rating and a $5.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.20.

TELUS International (Cda) Stock Performance

Shares of TELUS International (Cda) stock opened at $3.69 on Wednesday. TELUS International has a one year low of $2.83 and a one year high of $11.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50 day moving average price is $3.75 and its 200 day moving average price is $4.10. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -72.84, a PEG ratio of 1.11 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.05 earnings per share 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 business had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.10 million. During the same period last year, the business earned $0.19 earnings per share. On average, research analysts predict that TELUS International will post 0.43 EPS for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

Several hedge funds have recently made changes to their positions in TIXT. Virtu Financial LLC acquired a new stake in TELUS International (Cda) during the third quarter valued at $54,000. Walleye Capital LLC acquired a new position in shares of TELUS International (Cda) during the third quarter worth approximately $60,000. PFW Advisors LLC acquired a new position in TELUS International (Cda) during the 4th quarter valued at $67,000. Blue Trust Inc. lifted its stake in shares of TELUS International (Cda) by 15.1% in the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after buying an additional 2,948 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth approximately $96,000. Hedge funds and other 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.