Scotiabank Sticks to Its Hold Rating for TELUS International (CDA) (TIXT)

In a report released today, Divya Goyal from Scotiabank reiterated a Hold rating on TELUS International (CDA), with a price target of $4.50. The company’s shares closed yesterday at $4.46.

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According to TipRanks, Goyal is an analyst with an average return of -3.7% and a 43.69% success rate. Goyal covers the Technology sector, focusing on stocks such as Concentrix, TELUS International (CDA), and Globant SA.

In addition to Scotiabank, TELUS International (CDA) also received a Hold from TR | OpenAI – 4o’s Elisa Scalantra in a report issued yesterday. However, on the same day, CIBC downgraded TELUS International (CDA) (NYSE: TIXT) to a Sell.

Based on TELUS International (CDA)’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $699 million and a GAAP net loss of $272 million. In comparison, last year the company earned a revenue of $651.87 million and had a GAAP net loss of $3 million

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TIXT in relation to earlier this year.