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 reached a new 52-week low during trading on Monday . The company traded as low as $2.58 and last traded at $2.68, with a volume of 12047 shares trading hands. The stock had previously closed at $2.71.

Wall Street Analyst Weigh In

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

TELUS International (Cda) Stock Performance

The firm's fifty day moving average price is $3.21 and its two-hundred day moving average price is $3.56. The stock has a market capitalization of $653.13 million, a PE ratio of -6.79, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.

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TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The firm had revenue of $691.00 million for the quarter, compared to analysts' expectations of $672.44 million. As a group, equities research analysts forecast that TELUS International will post 0.32 EPS for the current year.

Institutional Trading of TELUS International (Cda)

Several large investors have recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in TELUS International (Cda) during the 4th quarter worth $37,000. Two Sigma Securities LLC acquired a new position in TELUS International (Cda) during the fourth quarter worth about $42,000. Bayesian Capital Management LP acquired a new position in TELUS International (Cda) during the fourth quarter worth about $45,000. Virtu Financial LLC purchased a new stake in TELUS International (Cda) during the 3rd quarter valued at about $54,000. Finally, Walleye Capital LLC acquired a new stake in TELUS International (Cda) in the 3rd quarter valued at about $60,000. 59.55% of the stock is currently owned by hedge funds and other 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.