TELUS International (Cda) (NYSE:TIXT) Given New $4.75 Price Target at BMO Capital Markets

TELUS International (Cda) (NYSE:TIXT) had its price objective lowered by BMO Capital Markets from $7.50 to $4.75 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

TIXT has been the subject of several other reports. JPMorgan Chase & Co. lowered shares of TELUS International (Cda) from a neutral rating to an underweight rating and set a $7.00 price objective for the company. in a report on Wednesday, July 17th. Citigroup lowered their price objective on shares of TELUS International (Cda) from $10.00 to $8.50 and set a neutral rating for the company in a report on Monday, April 22nd. Scotiabank lowered shares of TELUS International (Cda) from a sector outperform rating to a sector perform rating and lowered their price objective for the stock from $13.00 to $10.00 in a report on Friday, May 10th. Bank of America lowered shares of TELUS International (Cda) from a buy rating to an underperform rating and lowered their price objective for the stock from $11.00 to $4.00 in a report on Monday. Finally, Barclays lowered their target price on shares of TELUS International (Cda) from $9.00 to $7.00 and set an equal weight rating for the company in a report on Monday, May 13th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $8.65.

TELUS International (Cda) Price Performance

TIXT traded down $0.27 during trading on Monday, reaching $3.05. The stock had a trading volume of 2,418,743 shares, compared to its average volume of 269,325. The stock has a market cap of $325.83 million, a PE ratio of 21.07, a PEG 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 has a one year low of $2.95 and a one year high of $11.51. The business has a 50-day moving average of $5.92 and a 200-day moving average of $7.66.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company 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 firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. As a group, equities research analysts anticipate that TELUS International will post 0.95 EPS for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Large investors have recently added to or reduced their stakes in the stock. Swiss National Bank grew its position in shares of TELUS International (Cda) by 2.1% during the 1st quarter. Swiss National Bank now owns 149,000 shares of the company’s stock valued at $1,261,000 after acquiring an additional 3,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of TELUS International (Cda) by 32.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock valued at $117,000 after buying an additional 4,973 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of TELUS International (Cda) by 2.1% during the 2nd quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock valued at $1,472,000 after buying an additional 5,351 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of TELUS International (Cda) by 49.5% during the 4th 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 in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its stake in shares of TELUS International (Cda) by 12.1% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock valued at $514,000 after buying 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.