TELUS International (Cda) (NYSE:TIXT) Stock Price Down 5.8% – Should You Sell?

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

Analysts Set New Price Targets

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

TELUS International (Cda) Trading Down 4.7 %

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average is $3.53 and its 200 day moving average is $3.67. The firm 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.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TIXT. JPMorgan Chase & Co. bought a new stake in TELUS International (Cda) in the 3rd quarter worth $24,223,000. Barclays PLC boosted its position in TELUS International (Cda) by 118.8% in the 3rd quarter. Barclays PLC now owns 30,629 shares of the company’s stock valued at $120,000 after buying an additional 16,629 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in 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 purchasing an additional 1,310,287 shares during the last quarter. Blue Trust Inc. grew its holdings in TELUS International (Cda) by 62.0% during the fourth quarter. Blue Trust Inc. now owns 36,332 shares of the company’s stock worth $142,000 after acquiring an additional 13,904 shares during the period. Finally, Jane Street Group LLC acquired a new stake in TELUS International (Cda) during the 3rd quarter worth $3,257,000. 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.