TELUS International (Cda) (TSE:TIXT) Shares Up 3.3% - Here's Why

Key Points

• TELUS International (Cda) shares increased by 3.3% to C$5.34, despite a trading volume decline of 55% from the average.
• Scotiabank raised its price target for TELUS International from C$3.00 to C$3.40, maintaining a "Hold" rating.
• The company has a market capitalization of C$1.03 billion, with a debt-to-equity ratio of 78.13 and a price-to-earnings ratio of 33.12.

TELUS International (Cda) Inc. (TSE:TIXT - Get Free Report)'s share price shot up 3.3% during mid-day trading on Thursday . The stock traded as high as C$5.38 and last traded at C$5.34. 123,287 shares were traded during mid-day trading, a decline of 55% from the average session volume of 276,458 shares. The stock had previously closed at C$5.17.

Analysts Set New Price Targets

Separately, Scotiabank increased their price objective on TELUS International (Cda) from C$3.00 to C$3.40 and gave the stock a "sector perform" rating in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, TELUS International (Cda) currently has an average rating of "Hold" and an average price target of C$3.40.

TELUS International (Cda) Stock Performance

The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 78.13. The firm has a 50-day simple moving average of C$5.19 and a two-hundred day simple moving average of C$4.42. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 33.12 and a beta of 0.69.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc is a digital customer experience innovator that designs, builds, and delivers next-generation solutions. Its clients include companies across several verticals, including Tech and Games, Communications and Media, eCommerce and FinTech, Healthcare and Travel and Hospitality.

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