TELUS International (Cda) (NYSE:TIXT) Price Target Lowered to $3.00 at Barclays

TELUS International (Cda) (NYSE:TIXT) had its target price cut by Barclays from $5.00 to $3.00 in a report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on TIXT. TD Securities boosted their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Stifel Nicolaus began coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.38.

TELUS International (Cda) Stock Down 2.8 %

Shares of NYSE:TIXT opened at $2.44 on Friday. The business’s 50 day moving average is $2.71 and its 200 day moving average is $3.41. TELUS International has a 12-month low of $2.13 and a 12-month high of $8.49. The stock has a market cap of $672.59 million, a price-to-earnings ratio of -6.97, a PEG ratio of 4.71 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The firm had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. On average, sell-side analysts forecast that TELUS International will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Several institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of TELUS International (Cda) by 118.8% during the 3rd quarter. Barclays PLC now owns 30,629 shares of the company’s stock valued at $120,000 after purchasing an additional 16,629 shares during the period. Virtu Financial LLC purchased a new position in TELUS International (Cda) during the 3rd quarter valued at about $54,000. DGS Capital Management LLC lifted its holdings in shares of TELUS International (Cda) by 16.4% in the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock worth $144,000 after buying an additional 5,164 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of TELUS International (Cda) in the third quarter worth about $24,223,000. Finally, PFW Advisors LLC bought a new position in shares of TELUS International (Cda) in the fourth quarter valued at approximately $67,000. Hedge funds and other 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.