TELUS International (Cda) (NYSE:TIXT) Trading 4% Higher - Should You Buy?

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report)'s share price shot up 4% during trading on Tuesday . The stock traded as high as $3.93 and last traded at $3.92. 734,391 shares changed hands during trading, an increase of 117% from the average session volume of 338,740 shares. The stock had previously closed at $3.77.

Analyst Upgrades and Downgrades

Separately, Desjardins raised shares of TELUS International (Cda) to a "hold" rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $7.37.

TELUS International (Cda) Trading Up 4.0 %

The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -78.40, a PEG ratio of 1.22 and a beta of 0.70. The company has a fifty day moving average price of $3.80 and a 200-day moving average price of $4.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72.

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

Institutional Investors Weigh In On TELUS International (Cda)

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in TELUS International (Cda) in the 3rd quarter worth about $54,000. Walleye Capital LLC purchased a new stake in shares of TELUS International (Cda) in the third quarter valued at approximately $60,000. Blue Trust Inc. raised its stake in shares of TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company's stock worth $88,000 after buying an additional 2,948 shares during the period. Orion Portfolio Solutions LLC purchased a new position in shares of TELUS International (Cda) during the 3rd quarter valued at approximately $96,000. Finally, Centiva Capital LP acquired a new stake in TELUS International (Cda) in the 3rd quarter valued at $103,000. 59.55% of the stock is owned by hedge funds and other institutional investors.

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.