TELUS International (Cda) (NYSE:TIXT) Trading Down 7.9% – Here’s Why

TELUS International (Cda) Inc. (NYSE:TIXT) shares were down 7.9% during trading on Tuesday . The stock traded as low as $3.86 and last traded at $3.86. Approximately 226,663 shares were traded during trading, a decline of 40% from the average daily volume of 378,907 shares. The stock had previously closed at $4.19.

Analysts Set New Price Targets

Separately, Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, TELUS International (Cda) presently has an average rating of “Hold” and a consensus price target of $7.37.

TELUS International (Cda) Trading Down 15.8 %

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $880 million, a price-to-earnings ratio of -64.00, a P/E/G ratio of 1.22 and a beta of 0.67. The company has a 50-day moving average price of $3.81 and a 200-day moving average price of $4.19.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. During the same quarter last year, the firm posted $0.19 EPS. Research analysts predict that TELUS International will post 0.43 EPS for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in shares of TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after purchasing an additional 2,948 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TELUS International (Cda) by 32.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock valued at $117,000 after acquiring an additional 4,973 shares during the period. Marshall Wace LLP raised its holdings in TELUS International (Cda) by 2.3% in the 2nd quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after acquiring an additional 5,017 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of TELUS International (Cda) by 16.4% in the 3rd quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock worth $144,000 after acquiring an additional 5,164 shares during the period. Finally, TD Asset Management Inc grew its holdings in shares of TELUS International (Cda) by 2.1% during the 2nd quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock worth $1,472,000 after purchasing an additional 5,351 shares in the last quarter. 59.55% of the stock is owned by institutional investors.

About TELUS International (Cda)

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.