TELUS International (Cda) (NYSE:TIXT) Updates FY 2022 Earnings Guidance

TELUS International (Cda) (NYSE:TIXTGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $1.18-$1.23 for the period, compared to the consensus EPS estimate of $1.19. The company issued revenue guidance of $2.55 billion-$2.60 billion, compared to the consensus revenue estimate of $2.58 billion.

Several brokerages have recently issued reports on TIXT. Morgan Stanley decreased their price objective on TELUS International (Cda) from $34.00 to $31.00 and set an equal weight rating on the stock in a report on Friday, February 11th. Citigroup dropped their price objective on shares of TELUS International (Cda) from $32.00 to $30.00 in a research note on Monday, May 9th. Credit Suisse Group lowered their price target on shares of TELUS International (Cda) from $32.00 to $25.00 in a report on Monday, May 9th. Zacks Investment Research raised TELUS International (Cda) from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research note on Wednesday, May 11th. Finally, William Blair reaffirmed an outperform rating on shares of TELUS International (Cda) in a research note on Monday, May 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of $34.00.

TELUS International (Cda) stock traded up $0.29 during mid-day trading on Tuesday, reaching $24.01. 1,702 shares of the company were exchanged, compared to its average volume of 104,978. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $6.38 billion, a P/E ratio of 57.86, a PEG ratio of 1.09 and a beta of 1.14. The business has a fifty day moving average of $23.59 and a 200 day moving average of $28.11. TELUS International has a 12-month low of $20.73 and a 12-month high of $39.91.

Several hedge funds and other institutional investors have recently bought and sold shares of TIXT. 1832 Asset Management L.P. grew its position in shares of TELUS International (Cda) by 22.4% in the first quarter. 1832 Asset Management L.P. now owns 700,000 shares of the company’s stock valued at $17,059,000 after purchasing an additional 128,000 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in TELUS International (Cda) by 3.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,789,447 shares of the company’s stock worth $125,049,000 after buying an additional 117,456 shares in the last quarter. Morgan Stanley boosted its stake in shares of TELUS International (Cda) by 1,920.7% in the 2nd quarter. Morgan Stanley now owns 79,008 shares of the company’s stock valued at $2,458,000 after buying an additional 75,098 shares during the period. USS Investment Management Ltd purchased a new position in TELUS International (Cda) in the first quarter worth approximately $668,000. Finally, Citadel Advisors LLC purchased a new stake in shares of TELUS International (Cda) during the 2nd quarter worth $785,000. 39.28% of the stock is 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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