Citigroup Lowers TELUS International (Cda) (NYSE:TIXT) Price Target to $11.00

Posted by on Aug 6th, 2023

TELUS International (Cda) (NYSE:TIXT – Get Free Report) had its price target dropped by stock analysts at Citigroup from $15.00 to $11.00 in a research note issued to investors on Friday, FlyOnTheWall reports. Citigroup’s price objective would indicate a potential upside of 17.27% from the company’s previous close.

Several other brokerages also recently issued reports on TIXT. BMO Capital Markets reduced their price objective on TELUS International (Cda) from $26.00 to $21.00 in a research report on Monday, May 8th. National Bank Financial downgraded TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $32.00 to $17.00 in a research report on Friday, July 14th. Barclays reduced their price objective on TELUS International (Cda) from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 25th. Canaccord Genuity Group started coverage on TELUS International (Cda) in a research note on Monday, April 24th. They issued a “buy” rating for the company. Finally, Robert W. Baird dropped their target price on TELUS International (Cda) from $17.00 to $14.00 in a research note on Friday, July 14th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, TELUS International (Cda) currently has a consensus rating of “Moderate Buy” and an average price target of $20.07.

TELUS International (Cda) Stock Up 3.8 %

TIXT opened at $9.38 on Friday. The business’s fifty day moving average is $13.44 and its two-hundred day moving average is $17.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $685.49 million, a price-to-earnings ratio of 15.38, a PEG ratio of 3.07 and a beta of 0.57. TELUS International has a one year low of $8.74 and a one year high of $31.52.

TELUS International (Cda) (NYSE:TIXT – Get Free Report) last posted its earnings results on Friday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $667.00 million for the quarter, compared to the consensus estimate of $663.11 million. TELUS International (Cda) had a return on equity of 17.21% and a net margin of 6.38%. Analysts anticipate that TELUS International will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in TELUS International (Cda) during the first quarter worth about $46,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of TELUS International (Cda) in the third quarter valued at about $101,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of TELUS International (Cda) in the second quarter valued at about $63,000. Citigroup Inc. grew its stake 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. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of TELUS International (Cda) in the first quarter valued at about $101,000. 61.30% of the stock is currently owned by institutional investors and hedge funds.

About TELUS International (Cda)

(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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Analyst Recommendations for TELUS International (Cda) (NYSE:TIXT)

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