TELUS International (Cda) (NYSE:TIXT) Shares Down 7.9% – What’s Next?

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) fell 7.9% during trading on Tuesday . The stock traded as low as $3.86 and last traded at $3.86. 226,663 shares traded hands during trading, a decline of 40% from the average session volume of 378,907 shares. The stock had previously closed at $4.19.

Analysts Set New Price Targets

Separately, Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.37.

TELUS International (Cda) Stock Performance

The stock has a market capitalization of $1.05 billion, a PE ratio of -76.20, a P/E/G ratio of 1.22 and a beta of 0.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average of $3.82 and a 200-day moving average of $4.21.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The business had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.10 million. During the same period in the prior year, the firm earned $0.19 earnings per share. Research analysts forecast that TELUS International will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at about $54,000. Walleye Capital LLC bought a new stake in TELUS International (Cda) in the third quarter worth approximately $60,000. Blue Trust Inc. increased its stake in shares of TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after purchasing an additional 2,948 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at $96,000. Finally, Centiva Capital LP acquired a new stake in shares of TELUS International (Cda) in the 3rd quarter valued at $103,000. 59.55% of the stock is 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.