TELUS International (Cda) (NYSE:TIXT) Reaches New 1-Year Low - Should You Sell?

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $2.83 and last traded at $2.85, with a volume of 191776 shares trading hands. The stock had previously closed at $2.95.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TIXT shares. Stifel Canada upgraded shares of TELUS International (Cda) to a "strong-buy" rating in a report on Wednesday, January 15th. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a research note on Thursday, January 16th. They set a "buy" rating and a $5.00 price objective for the company. Finally, TD Securities upped their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.21.

TELUS International (Cda) Price Performance

The company has a 50 day moving average of $3.64 and a 200 day moving average of $3.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $741.13 million, a price-to-earnings ratio of -7.70, a price-to-earnings-growth ratio of 4.71 and a beta of 0.67.

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TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. As a group, equities research analysts forecast that TELUS International will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

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

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.