Barclays Remains a Hold on TELUS International (CDA) (TIXT)

In a report released today, Ramsey El Assal from Barclays maintained a Hold rating on TELUS International (CDA) (TIXT – Research Report), with a price target of $9.00. The company’s shares closed yesterday at $8.07.

El Assal covers the Technology sector, focusing on stocks such as Fiserv, Fidelity National Info, and WEX. According to TipRanks, El Assal has an average return of 1.7% and a 54.12% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TELUS International (CDA) with a $10.94 average price target, implying a 35.56% upside from current levels. In a report released on April 22, Citi also maintained a Hold rating on the stock with a $8.50 price target.

Based on TELUS International (CDA)’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $692 million and a net profit of $38 million. In comparison, last year the company earned a revenue of $2.47 billion and had a net profit of $183 million

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TIXT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TELUS International (CDA) (TIXT) Company Description:

TELUS International (Cda) Inc is a digital customer experience innovator that designs, builds, and delivers next-generation solutions. Its clients include companies across several verticals, including Tech and Games, Communications and Media, eCommerce and FinTech, Healthcare and Travel and Hospitality. The solutions offered by the company include Digital Experience, Customer Experience, Advisory services, and Back Office & Automation among other services.