TELUS International (Cda) (NYSE:TIXT) Reaches New 1-Year Low – Here’s What Happened

TELUS International (Cda) Inc. (NYSE:TIXT)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $2.58 and last traded at $2.68, with a volume of 12047 shares trading hands. The stock had previously closed at $2.71.

Analyst Upgrades and Downgrades

TIXT has been the subject of several research analyst reports. TD Securities boosted their target price on 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 Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus began coverage on shares of TELUS International (Cda) in a research report on Thursday, January 16th. They issued a “buy” rating and a $5.00 target price on the stock. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.00.

TELUS International (Cda) Price Performance

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 stock has a market cap of $732.88 million, a P/E ratio of -7.61, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. The business has a 50-day simple moving average of $3.26 and a 200 day simple moving average of $3.57.

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

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in TELUS International (Cda) by 1.1% during the 4th quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock worth $1,244,000 after acquiring an additional 3,397 shares during the period. Franklin Resources Inc. boosted its position in shares of TELUS International (Cda) by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 113,690 shares of the company’s stock valued at $446,000 after purchasing an additional 3,667 shares in the last quarter. DGS Capital Management LLC grew its stake in TELUS International (Cda) by 16.4% during the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock worth $144,000 after purchasing an additional 5,164 shares during the period. Public Employees Retirement System of Ohio increased its holdings in TELUS International (Cda) by 18.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company’s stock worth $137,000 after purchasing an additional 5,509 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in TELUS International (Cda) by 27.3% in the fourth quarter. Blue Trust Inc. now owns 28,560 shares of the company’s stock valued at $112,000 after buying an additional 6,132 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.