TELUS International (Cda) (NYSE:TIXT) Trading 3.1% Higher – What’s Next?

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) traded up 3.1% during mid-day trading on Tuesday . The company traded as high as $2.76 and last traded at $2.82. 13,719 shares were traded during mid-day trading, a decline of 96% from the average session volume of 385,849 shares. The stock had previously closed at $2.73.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They issued a “buy” rating and a $5.00 price target on the stock. Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, TD Securities increased their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.08.

TELUS International (Cda) Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $768.63 million, a price-to-earnings ratio of -7.99, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. The firm has a 50-day moving average price of $3.39 and a two-hundred day moving average price of $3.63.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new position in TELUS International (Cda) during the 4th quarter worth approximately $37,000. Two Sigma Securities LLC purchased a new position in TELUS International (Cda) during the 4th quarter worth approximately $42,000. Bayesian Capital Management LP purchased a new position in TELUS International (Cda) during the 4th quarter worth approximately $45,000. Virtu Financial LLC purchased a new position in TELUS International (Cda) during the 3rd quarter worth approximately $54,000. Finally, Walleye Capital LLC purchased a new position in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $60,000. Hedge funds and other 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.