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

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

Wall Street Analysts Forecast Growth

TIXT has been the subject of several research reports. Canaccord Genuity Group decreased their price objective on shares of TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating for the company in a report on Tuesday. Robert W. Baird decreased their price target on shares of TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Guggenheim assumed coverage on shares of TELUS International (Cda) in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $9.00 price target for the company. Barclays decreased their price target on shares of TELUS International (Cda) from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Citigroup cut their price objective on shares of TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, TELUS International (Cda) has an average rating of “Hold” and a consensus price target of $13.10.

TELUS International (Cda) Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. The company has a market cap of $669.82 million, a PE ratio of 42.34, a P/E/G ratio of 1.00 and a beta of 0.86. The business’s fifty day moving average is $8.45 and its 200-day moving average is $8.36.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Thursday, May 9th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The company had revenue of $657.00 million for the quarter, compared to analysts’ expectations of $675.33 million. During the same quarter last year, the business earned $0.24 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts predict that TELUS International will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Large investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of TELUS International (Cda) by 101.7% during the third quarter. Barclays PLC now owns 28,433 shares of the company’s stock valued at $216,000 after purchasing an additional 14,333 shares during the period. Swiss National Bank purchased a new stake in shares of TELUS International (Cda) during the third quarter valued at $1,249,000. Quadrature Capital Ltd purchased a new stake in shares of TELUS International (Cda) during the third quarter valued at $2,109,000. Walleye Capital LLC boosted its stake in shares of TELUS International (Cda) by 1,357.6% during the third quarter. Walleye Capital LLC now owns 221,661 shares of the company’s stock valued at $1,689,000 after purchasing an additional 206,454 shares during the period. Finally, Blue Trust Inc. lifted its stake in TELUS International (Cda) by 142.0% in the fourth quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock worth $82,000 after acquiring an additional 5,631 shares during the period. Institutional investors own 59.55% of the company’s stock.

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.