TELUS International (Cda) (NYSE:TIXT) Sees Large Volume Increase - Time to Buy?

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 206,594 shares traded hands during mid-day trading, a decline of 61% from the previous session's volume of 523,150 shares.The stock last traded at $3.65 and had previously closed at $3.35.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a report on Thursday. They set a "buy" rating and a $5.00 target price on the stock. Desjardins upgraded shares of TELUS International (Cda) to a "hold" rating in a research report on Thursday, September 26th. Finally, Stifel Canada upgraded shares of TELUS International (Cda) to a "strong-buy" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TELUS International (Cda) presently has an average rating of "Hold" and an average target price of $7.20.

TELUS International (Cda) Price Performance

The company has a market cap of $975.43 million, a PE ratio of -70.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. The stock has a fifty day moving average price of $3.75 and a 200-day moving average price of $4.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. The firm had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.10 million. During the same period in the prior year, the business earned $0.19 EPS. On average, equities analysts expect that TELUS International will post 0.43 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

Several institutional investors have recently made changes to their positions in TIXT. Virtu Financial LLC purchased a new stake in TELUS International (Cda) in the 3rd quarter worth approximately $54,000. Walleye Capital LLC acquired a new position in shares of TELUS International (Cda) in the third quarter worth $60,000. PFW Advisors LLC acquired a new stake in TELUS International (Cda) during the fourth quarter valued at $67,000. Blue Trust Inc. grew its stake in TELUS International (Cda) by 15.1% in the third quarter. Blue Trust Inc. now owns 22,428 shares of the company's stock valued at $88,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in TELUS International (Cda) in the 3rd quarter worth about $96,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.