TELUS International (Cda) (NYSE:TIXT) Stock Price Down 5.8% – What’s Next?

TELUS International (Cda) Inc. (NYSE:TIXT)’s stock price dropped 5.8% during trading on Wednesday . The stock traded as low as $2.72 and last traded at $2.69. Approximately 44,258 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 384,651 shares. The stock had previously closed at $2.85.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TIXT shares. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a research note on Thursday, January 16th. They set a “buy” rating and a $5.00 target price on the stock. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, TD Securities raised their target price on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS International (Cda) presently has an average rating of “Hold” and a consensus target price of $7.21.

TELUS International (Cda) Stock Down 4.7 %

The company has a market cap of $746.63 million, a PE ratio of -7.76, a P/E/G ratio of 4.71 and a beta of 0.72. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average of $3.53 and a 200-day moving average of $3.67.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. Sell-side analysts predict that TELUS International will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Several institutional investors and hedge funds have recently bought and sold shares of TIXT. JPMorgan Chase & Co. purchased a new stake in TELUS International (Cda) in the third quarter valued at approximately $24,223,000. Barclays PLC boosted its holdings in TELUS International (Cda) by 118.8% in the third quarter. Barclays PLC now owns 30,629 shares of the company’s stock valued at $120,000 after acquiring an additional 16,629 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of TELUS International (Cda) by 256.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after acquiring an additional 1,310,287 shares in the last quarter. Blue Trust Inc. increased its position in TELUS International (Cda) by 62.0% in the fourth quarter. Blue Trust Inc. now owns 36,332 shares of the company’s stock worth $142,000 after buying an additional 13,904 shares during the period. Finally, Jane Street Group LLC acquired a new position in TELUS International (Cda) in the third quarter worth approximately $3,257,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.