TELUS International (Cda) (NYSE:TIXT) Given New $9.00 Price Target at Barclays

TELUS International (Cda) (NYSE:TIXT) had its price target decreased by Barclays from $12.00 to $9.00 in a research report sent to investors on Friday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms have also recently weighed in on TIXT. Canaccord Genuity Group lifted their target price on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the company a buy rating in a research note on Monday, February 12th. Guggenheim initiated coverage on shares of TELUS International (Cda) in a research note on Tuesday, March 19th. They set a neutral rating and a $9.00 target price on the stock. Citigroup lowered their target price on shares of TELUS International (Cda) from $10.00 to $8.50 and set a neutral rating on the stock in a research note on Monday, April 22nd. Robert W. Baird lowered their target price on shares of TELUS International (Cda) from $10.00 to $9.00 and set a neutral rating on the stock in a research note on Friday, April 19th. Finally, CIBC reduced their price target on shares of TELUS International (Cda) from $21.50 to $20.00 and set an outperform rating on the stock in a report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $13.53.

TELUS International (Cda) Trading Up 2.5 %

Shares of TELUS International (Cda) stock opened at $8.27 on Friday. The company’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $8.31. The stock has a market capitalization of $883.48 million, a PE ratio of 55.14, a P/E/G ratio of 1.01 and a beta of 0.90. TELUS International has a 1-year low of $6.03 and a 1-year high of $20.25. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The company had revenue of $692.00 million for the quarter, compared to analysts’ expectations of $691.00 million. During the same quarter in the previous year, the company earned $0.34 EPS. TELUS International (Cda)’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts anticipate that TELUS International will post 0.89 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

Large investors have recently made changes to their positions in the business. Aristides Capital LLC purchased a new stake in TELUS International (Cda) in the 4th quarter valued at about $184,000. 1832 Asset Management L.P. boosted its position in TELUS International (Cda) by 23.9% in the 4th quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock valued at $10,474,000 after buying an additional 235,500 shares during the period. Capital Research Global Investors boosted its position in TELUS International (Cda) by 5.2% in the 4th quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock valued at $119,621,000 after buying an additional 689,468 shares during the period. Alberta Investment Management Corp boosted its position in TELUS International (Cda) by 948.9% in the 4th quarter. Alberta Investment Management Corp now owns 137,400 shares of the company’s stock valued at $1,186,000 after buying an additional 124,300 shares during the period. Finally, Scotia Capital Inc. boosted its position in TELUS International (Cda) by 432.0% in the 4th quarter. Scotia Capital Inc. now owns 82,021 shares of the company’s stock valued at $700,000 after buying an additional 66,603 shares during the period. 59.55% of the stock is currently owned by 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.