Fintel reports that on January 16, 2025, Stifel initiated coverage of TELUS International (NYSE:TIXT) with a Buy recommendation.
Analyst Price Forecast Suggests 91.60% Upside
As of December 23, 2024, the average one-year price target for TELUS International is $6.97/share. The forecasts range from a low of $3.78 to a high of $15.28. The average price target represents an increase of 91.60% from its latest reported closing price of $3.64 / share.
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The projected annual revenue for TELUS International is 3,905MM, an increase of 46.86%. The projected annual non-GAAP EPS is 2.04.
What is the Fund Sentiment?
There are 105 funds or institutions reporting positions in TELUS International. This is an decrease of 3 owner(s) or 2.78% in the last quarter. Average portfolio weight of all funds dedicated to TIXT is 0.07%, an increase of 40.27%. Total shares owned by institutions decreased in the last three months by 7.60% to 61,693K shares. 
The put/call ratio of TIXT is 2.64, indicating a bearish outlook.
What are Other Shareholders Doing?
Mackenzie Financial holds 8,290K shares representing 7.47% ownership of the company. In its prior filing, the firm reported owning 8,440K shares , representing a decrease of 1.81%. The firm decreased its portfolio allocation in TIXT by 37.82% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 7,848K shares representing 7.07% ownership of the company. In its prior filing, the firm reported owning 4,912K shares , representing an increase of 37.41%. The firm increased its portfolio allocation in TIXT by 12.57% over the last quarter.
Jpmorgan Chase holds 6,195K shares representing 5.58% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
QV Investors holds 6,011K shares representing 5.41% ownership of the company. In its prior filing, the firm reported owning 6,012K shares , representing a decrease of 0.01%. The firm increased its portfolio allocation in TIXT by 17.28% over the last quarter.
AMERICAN FUNDS INSURANCE SERIES - Growth-Income Fund Class 1 holds 5,159K shares representing 4.65% ownership of the company. In its prior filing, the firm reported owning 2,942K shares , representing an increase of 42.97%. The firm increased its portfolio allocation in TIXT by 19.97% over the last quarter.
TELUS International Background Information
(This description is provided by the company.)
TELUS International designs, builds and delivers next-generation digital solutions to enhance the customer experience (CX) for global and disruptive brands. The company’s services support the full lifecycle of its clients’ digital transformation journeys and enable them to more quickly embrace next-generation digital technologies to deliver better business outcomes. TELUS International’s integrated solutions and capabilities span digital strategy, innovation, consulting and design, digital transformation and IT lifecycle solutions, data annotation and intelligent automation, and omnichannel CX solutions that include content moderation, trust and safety solutions and other managed solutions. Fueling all stages of company growth, TELUS International partners with brands across high growth industry verticals, including tech and games, communications and media, eCommerce and fintech, healthcare, and travel and hospitality.
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This story originally appeared on Fintel.
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