TELUS International (Cda) (NYSE:TIXT) Sets New 12-Month Low - Here's Why

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $2.13 and last traded at $2.18, with a volume of 60594 shares traded. The stock had previously closed at $2.37.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TIXT shares. TD Securities lifted their price target on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a research report on Thursday, January 16th. They set a "buy" rating and a $5.00 target price for the company. Finally, Stifel Canada raised TELUS International (Cda) to a "strong-buy" rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, TELUS International (Cda) currently has a consensus rating of "Hold" and an average price target of $6.00.

TELUS International (Cda) Stock Performance

The firm has a fifty day simple moving average of $2.97 and a 200 day simple moving average of $3.49. 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 $664.13 million, a price-to-earnings ratio of -6.90, a PEG ratio of 4.71 and a beta of 0.71.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $691.00 million during the quarter, compared to analyst estimates of $672.44 million. As a group, sell-side analysts expect that TELUS International will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new position in TELUS International (Cda) in the third quarter worth about $24,223,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of TELUS International (Cda) by 209.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company's stock worth $8,222,000 after buying an additional 1,418,119 shares in the last quarter. Barclays PLC raised its holdings in shares of TELUS International (Cda) by 118.8% in the 3rd quarter. Barclays PLC now owns 30,629 shares of the company's stock worth $120,000 after buying an additional 16,629 shares in the last quarter. Blue Trust Inc. lifted its position in shares of TELUS International (Cda) by 62.0% during the 4th quarter. Blue Trust Inc. now owns 36,332 shares of the company's stock worth $142,000 after buying an additional 13,904 shares during the period. Finally, Jane Street Group LLC acquired a new stake in TELUS International (Cda) in the 3rd quarter valued at $3,257,000. 59.55% of the stock is owned by institutional investors.

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.