TELUS International (Cda) Inc. (NYSE:TIXT) Given Average Rating of "Buy" by Analysts - MarketBeat

Shares of TELUS International (Cda) Inc. (NYSE:TIXT - Get Rating) have received a consensus recommendation of "Buy" from the fourteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $34.31.

Several brokerages recently weighed in on TIXT. Wells Fargo & Company started coverage on TELUS International (Cda) in a report on Monday, April 4th. They issued an "overweight" rating and a $35.00 price objective for the company. Citigroup reduced their price objective on TELUS International (Cda) from $32.00 to $30.00 in a research report on Monday, May 9th. TD Securities reduced their price objective on TELUS International (Cda) from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Monday, May 9th. Morgan Stanley cut their target price on TELUS International (Cda) from $34.00 to $31.00 and set an "equal weight" rating for the company in a research report on Friday, February 11th. Finally, Credit Suisse Group dropped their price target on TELUS International (Cda) from $32.00 to $25.00 in a report on Monday, May 9th.

NYSE:TIXT opened at $23.94 on Wednesday. The business's 50-day moving average is $23.70 and its two-hundred day moving average is $27.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.83. TELUS International has a 12 month low of $20.73 and a 12 month high of $39.91. The firm has a market capitalization of $6.36 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its stake in TELUS International (Cda) by 5.6% in the 1st quarter. Mackenzie Financial Corp now owns 11,118,776 shares of the company's stock valued at $275,253,000 after buying an additional 589,026 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of TELUS International (Cda) by 19.9% during the 4th quarter. Capital Research Global Investors now owns 8,338,314 shares of the company's stock worth $275,665,000 after acquiring an additional 1,382,428 shares during the period. Capital International Investors lifted its stake in TELUS International (Cda) by 14.5% in the 1st quarter. Capital International Investors now owns 5,536,117 shares of the company's stock valued at $136,798,000 after purchasing an additional 699,567 shares during the last quarter. FIL Ltd lifted its stake in TELUS International (Cda) by 26.0% in the 3rd quarter. FIL Ltd now owns 4,792,004 shares of the company's stock valued at $168,119,000 after purchasing an additional 990,224 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in TELUS International (Cda) by 3.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,789,447 shares of the company's stock valued at $125,049,000 after purchasing an additional 117,456 shares during the last quarter. 39.28% of the stock is currently owned by institutional investors and hedge funds.

About TELUS International (Cda) (Get Rating)

TELUS International (Cda) Inc provides customer experience and digital business services in Europe, North America, the Asia-Pacific, and the Central America. It offers digital experience solutions, such as AI and bots, omnichannel CX, mobility solutions, cloud contact center, big data, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, customer care, technical support, sales growth and retention, and healthcare/patient experience.

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