TELUS International (Cda) (NYSE:TIXT) Trading Down 5.1%

TELUS International (Cda) Inc. (NYSE:TIXT)’s stock price was down 5.1% during trading on Wednesday . The stock traded as low as $8.00 and last traded at $8.00. Approximately 58,590 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 204,281 shares. The stock had previously closed at $8.43.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TIXT shares. TD Securities increased their price objective on shares of TELUS International (Cda) from $10.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, February 12th. Citigroup increased their price objective on shares of TELUS International (Cda) from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. CIBC dropped their price objective on shares of TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Guggenheim assumed coverage on shares of TELUS International (Cda) in a research note on Tuesday, March 19th. They set a “neutral” rating and a $9.00 price target for the company. Finally, BMO Capital Markets raised their price target on shares of TELUS International (Cda) from $8.00 to $10.50 and gave the company a “market perform” rating in a research note on Monday, February 12th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.83.

TELUS International (Cda) Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $834.34 million, a price-to-earnings ratio of 52.10, a price-to-earnings-growth ratio of 8.37 and a beta of 0.90. The firm’s fifty day moving average is $9.29 and its 200-day moving average is $8.28.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The firm had revenue of $692.00 million during the quarter, compared to the consensus estimate of $691.00 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts anticipate that TELUS International will post 0.89 earnings per share for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cibc World Market Inc. boosted its stake in TELUS International (Cda) by 0.8% in the first quarter. Cibc World Market Inc. now owns 88,458 shares of the company’s stock valued at $2,186,000 after acquiring an additional 728 shares during the last quarter. Citigroup Inc. lifted its stake in shares of TELUS International (Cda) by 18.8% during the 1st 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. BlackRock Inc. increased its holdings in TELUS International (Cda) by 8.2% during the 1st quarter. BlackRock Inc. now owns 17,140 shares of the company’s stock worth $347,000 after acquiring an additional 1,294 shares during the period. Barclays PLC increased its holdings in TELUS International (Cda) by 11.9% during the 2nd quarter. Barclays PLC now owns 14,100 shares of the company’s stock worth $214,000 after acquiring an additional 1,500 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in TELUS International (Cda) during the 1st quarter worth approximately $46,000. 59.55% of the stock is owned by institutional investors.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. 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.