TELUS International (Cda) (NYSE:TIXT) Trading Up 3.1% - Here's What Happened

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) shot up 3.1% during trading on Tuesday . The company traded as high as $2.76 and last traded at $2.82. 13,719 shares changed hands during trading, a decline of 96% from the average session volume of 385,849 shares. The stock had previously closed at $2.73.

Analyst Upgrades and Downgrades

TIXT has been the topic of a number of recent analyst reports. TD Securities upped their target price on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company 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 initiated coverage on shares of TELUS International (Cda) in a research report on Thursday, January 16th. They set a "buy" rating and a $5.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $6.00.

TELUS International (Cda) Stock Performance

The firm has a 50 day moving average of $3.37 and a two-hundred day moving average of $3.62. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $746.63 million, a P/E ratio of -7.76, a P/E/G ratio of 4.71 and a beta of 0.72.

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TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $691.00 million during the quarter, compared to analyst estimates of $672.44 million. On average, research analysts predict that TELUS International will post 0.32 EPS for the current fiscal year.

Institutional Trading of TELUS International (Cda)

A number of large investors have recently bought and sold shares of TIXT. Charles Schwab Investment Management Inc. boosted its holdings in shares of TELUS International (Cda) by 192.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 158,732 shares of the company's stock valued at $620,000 after buying an additional 104,430 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of TELUS International (Cda) by 256.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company's stock worth $7,110,000 after acquiring an additional 1,310,287 shares during the period. Walleye Capital LLC bought a new stake in shares of TELUS International (Cda) during the 3rd quarter worth approximately $60,000. Circumference Group LLC bought a new position in TELUS International (Cda) in the 3rd quarter valued at approximately $2,248,000. Finally, Centiva Capital LP bought a new position in TELUS International (Cda) in the 3rd quarter valued at approximately $103,000. 59.55% of the stock is owned by 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.