TD Securities Increases TELUS International (Cda) (NYSE:TIXT) Price Target to $4.00

TELUS International (Cda) (NYSE:TIXT) had its target price lifted by research analysts at TD Securities from $3.75 to $4.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 6.81% from the stock’s current price.

Several other analysts have also issued reports on the company. Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus started coverage on TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target for the company. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TELUS International (Cda) currently has an average rating of “Hold” and an average price target of $7.21.

TELUS International (Cda) Stock Performance

Shares of TIXT opened at $3.75 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. TELUS International has a one year low of $2.83 and a one year high of $11.51. The firm has a market capitalization of $1.03 billion, a P/E ratio of -74.90, a PEG ratio of 1.40 and a beta of 0.67. The business has a fifty day moving average of $3.74 and a 200 day moving average of $3.73.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) 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 $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. As a group, sell-side analysts anticipate that TELUS International will post 0.43 EPS for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

A number of hedge funds have recently made changes to their positions in the company. PDT Partners LLC purchased a new stake in shares of TELUS International (Cda) in the fourth quarter worth about $61,000. Aquatic Capital Management LLC purchased a new stake in TELUS International (Cda) during the fourth quarter valued at approximately $37,000. Two Sigma Securities LLC purchased a new stake in TELUS International (Cda) during the fourth quarter valued at approximately $42,000. TD Waterhouse Canada Inc. raised its position in TELUS International (Cda) by 42.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 38,594 shares of the company’s stock valued at $148,000 after purchasing an additional 11,492 shares during the period. Finally, Medina Value Partners LLC purchased a new stake in TELUS International (Cda) during the fourth quarter valued at approximately $8,211,000. 59.55% of the stock is currently owned by hedge funds and other 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.