TELUS International (Cda) (NYSE:TIXT) Stock Price Down 5.1%

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report)'s stock price was down 5.1% during mid-day trading on Wednesday . The company traded as low as $8.00 and last traded at $8.00. Approximately 58,590 shares changed hands during trading, a decline of 71% from the average daily volume of 204,281 shares. The stock had previously closed at $8.43.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TIXT shares. CIBC dropped their price target on TELUS International (Cda) from $21.50 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 20th. Canaccord Genuity Group increased their price objective on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Monday, February 12th. TheStreet raised shares of TELUS International (Cda) from a "d" rating to a "c-" rating in a research report on Monday, February 12th. TD Securities increased their price target on TELUS International (Cda) from $10.50 to $11.50 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, 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 report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and six have given 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 $13.83.

TELUS International (Cda) Price Performance

The firm has a market cap of $848.23 million, a PE ratio of 52.93, a price-to-earnings-growth ratio of 8.90 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average price of $9.32 and a two-hundred day moving average price of $8.28.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.26. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The business had revenue of $692.00 million for the quarter, compared to analyst estimates of $691.00 million. During the same quarter in the prior year, the business posted $0.34 EPS. TELUS International (Cda)'s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts expect that TELUS International will post 0.89 earnings per share for the current year.

Institutional Investors Weigh In On TELUS International (Cda)

A number of large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new stake in shares of TELUS International (Cda) in the third quarter worth about $25,000. Ronald Blue Trust Inc. acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at $30,000. Shell Asset Management Co. purchased a new stake in TELUS International (Cda) during the third quarter worth $45,000. Lazard Asset Management LLC acquired a new stake in TELUS International (Cda) during the first quarter valued at $46,000. Finally, Blue Trust Inc. grew its position in TELUS International (Cda) by 142.0% during the fourth quarter. Blue Trust Inc. now owns 9,596 shares of the company's stock valued at $82,000 after buying an additional 5,631 shares during the period. 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.