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

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

Wall Street Analyst Weigh In

Several research firms have weighed in on TIXT. Citigroup lifted their target price on TELUS International (Cda) from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. CIBC dropped their target price on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. Robert W. Baird dropped their target price on TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Barclays lifted their price objective on TELUS International (Cda) from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Finally, Canaccord Genuity Group lifted their price objective on TELUS International (Cda) from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Monday, February 12th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.83.

TELUS International (Cda) Price Performance

The stock has a market capitalization of $834.34 million, a price-to-earnings ratio of 52.10, a P/E/G ratio of 8.37 and a beta of 0.90. The stock has a fifty day moving average of $9.29 and a 200-day moving average of $8.28. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $692.00 million during the quarter, compared to the consensus estimate of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. On average, equities 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 modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in shares of TELUS International (Cda) during the first quarter worth approximately $46,000. Qube Research & Technologies Ltd purchased a new stake in shares of TELUS International (Cda) during the third quarter worth approximately $25,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of TELUS International (Cda) during the third quarter worth approximately $101,000. Ronald Blue Trust Inc. purchased a new stake in shares of TELUS International (Cda) during the third quarter worth approximately $30,000. Finally, Citigroup Inc. raised its stake in shares of TELUS International (Cda) by 18.8% during the first quarter. Citigroup Inc. now owns 4,781 shares of the company’s stock worth $96,000 after purchasing an additional 755 shares during the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

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.