JPMorgan Chase & Co. Trims TELUS International (Cda) (NYSE:TIXT) Target Price to $14.00

TELUS International (Cda) (NYSE:TIXT – Free Report) had its price target lowered by JPMorgan Chase & Co. from $21.00 to $14.00 in a research note issued to investors on Monday, FlyOnTheWall reports.

TIXT has been the subject of a number of other reports. BMO Capital Markets lowered their target price on shares of TELUS International (Cda) from $26.00 to $21.00 in a research note on Monday, May 8th. Robert W. Baird dropped their price objective on shares of TELUS International (Cda) from $17.00 to $14.00 in a report on Friday. Royal Bank of Canada reduced their target price on TELUS International (Cda) from $24.00 to $19.00 in a research note on Friday. Canaccord Genuity Group started coverage on TELUS International (Cda) in a research note on Monday, April 24th. They set a buy rating on the stock. Finally, Barclays lowered TELUS International (Cda) from an overweight rating to an equal weight rating and dropped their target price for the company from $23.00 to $15.00 in a research report on Friday. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, TELUS International (Cda) presently has an average rating of Moderate Buy and an average target price of $20.64.

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TELUS International (Cda) Price Performance

NYSE TIXT opened at $9.93 on Monday. The firm’s fifty day simple moving average is $15.41 and its two-hundred day simple moving average is $19.07. The firm has a market capitalization of $725.68 million, a P/E ratio of 16.28, a P/E/G ratio of 1.00 and a beta of 0.68. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.90. TELUS International has a 12-month low of $9.87 and a 12-month high of $31.52.

TELUS International (Cda) (NYSE:TIXT – Get Free Report) last announced its earnings results on Thursday, May 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. TELUS International (Cda) had a return on equity of 17.21% and a net margin of 6.38%. The firm had revenue of $686.00 million for the quarter, compared to the consensus estimate of $693.05 million. Analysts forecast that TELUS International will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

A number of institutional investors have recently modified their holdings of TIXT. Lazard Asset Management LLC acquired a new position in TELUS International (Cda) in the 1st quarter worth about $46,000. Citigroup Inc. increased its position in shares of TELUS International (Cda) by 18.8% in the first quarter. Citigroup Inc. now owns 4,781 shares of the company’s stock valued at $96,000 after buying an additional 755 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of TELUS International (Cda) during the 1st quarter worth approximately $101,000. BNP Paribas Arbitrage SNC purchased a new position in shares of TELUS International (Cda) during the 3rd quarter valued at approximately $101,000. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in TELUS International (Cda) by 63.3% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 8,079 shares of the company’s stock valued at $163,000 after acquiring an additional 3,132 shares during the period. 61.30% of the stock is currently owned by institutional investors and hedge funds.

TELUS International (Cda) Company Profile

(Get Free Report)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in Europe, North America, the Asia-Pacific, and the Central America. 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.

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