TELUS International (Cda) (NYSE:TIXT) Shares Down 7.9% - What's Next?

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) traded down 7.9% during trading on Tuesday . The stock traded as low as $3.86 and last traded at $3.86. 226,663 shares traded hands during trading, a decline of 40% from the average session volume of 378,907 shares. The stock had previously closed at $4.19.

Wall Street Analyst Weigh In

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

TELUS International (Cda) Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day simple moving average of $3.83 and a 200 day simple moving average of $4.20. The company has a market capitalization of $1.05 billion, a PE ratio of -76.20, a P/E/G ratio of 1.22 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $650.10 million. During the same quarter last year, the firm posted $0.19 earnings per share. Equities analysts anticipate that TELUS International will post 0.43 EPS for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its position in shares of TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company's stock valued at $88,000 after buying an additional 2,948 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TELUS International (Cda) by 32.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company's stock worth $117,000 after purchasing an additional 4,973 shares during the last quarter. Marshall Wace LLP grew its holdings in TELUS International (Cda) by 2.3% in the second quarter. Marshall Wace LLP now owns 223,262 shares of the company's stock worth $1,290,000 after purchasing an additional 5,017 shares during the last quarter. DGS Capital Management LLC increased its position in shares of TELUS International (Cda) by 16.4% during the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company's stock worth $144,000 after purchasing an additional 5,164 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of TELUS International (Cda) by 2.1% during the second quarter. TD Asset Management Inc now owns 254,914 shares of the company's stock worth $1,472,000 after purchasing an additional 5,351 shares in the last quarter. 59.55% of the stock is currently 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.