TELUS International (Cda) (TSE:TIXT) Trading Down 0.3% - Time to Sell?

Key Points

• TELUS International (Cda) Inc. shares fell 0.3% to C$6.14 with a trading volume significantly below the average, indicating a potential decline in investor interest.
• Scotiabank raised its price target for TELUS International from C$3.00 to C$3.40 while maintaining a "sector perform" rating, with the consensus rating also being a "Hold."
• The company has a market capitalization of C$1.71 billion and a negative P/E ratio of -4.45, suggesting potential concerns about profitability.

TELUS International (Cda) Inc. (TSE:TIXT - Get Free Report) shares fell 0.3% during trading on Tuesday . The stock traded as low as C$6.14 and last traded at C$6.14. 138,944 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 284,691 shares. The stock had previously closed at C$6.16.

Analysts Set New Price Targets

Separately, Scotiabank increased their price target on TELUS International (Cda) from C$3.00 to C$3.40 and gave the stock a "sector perform" rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$3.40.

TELUS International (Cda) Stock Performance

The stock's 50 day simple moving average is C$5.59 and its two-hundred day simple moving average is C$4.59. The company has a market capitalization of C$1.71 billion, a P/E ratio of -4.45 and a beta of 1.38. The company has a debt-to-equity ratio of 78.13, a current ratio of 1.02 and a quick ratio of 0.79.

About TELUS International (Cda)

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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