TELUS International (Cda) (NYSE:TIXT) Shares Up 10.8% - What's Next?

Shares of TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) rose 10.8% during trading on Thursday . The stock traded as high as $3.85 and last traded at $3.83. Approximately 107,038 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 467,638 shares. The stock had previously closed at $3.46.

Analyst Upgrades and Downgrades

TIXT has been the topic of several research reports. Stifel Canada upgraded shares of TELUS International (Cda) to a "strong-buy" rating in a research report on Wednesday, January 15th. Stifel Nicolaus assumed 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 on the stock. Finally, TD Securities upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TELUS International (Cda) currently has an average rating of "Hold" and an average price target of $7.21.

TELUS International (Cda) Stock Down 3.7 %

The firm's 50-day moving average price is $3.74 and its 200-day moving average price is $3.71. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -74.90, a price-to-earnings-growth ratio of 1.40 and a beta of 0.67. 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 released its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. The business had revenue of $691.00 million during the quarter, compared to analyst estimates of $672.44 million. Sell-side analysts forecast that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in TELUS International (Cda) by 15.1% during the 3rd 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. Wells Fargo & Company MN grew its holdings in TELUS International (Cda) by 1.1% during the 4th quarter. Wells Fargo & Company MN now owns 316,626 shares of the company's stock valued at $1,244,000 after purchasing an additional 3,397 shares in the last quarter. Franklin Resources Inc. grew its holdings in TELUS International (Cda) by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 113,690 shares of the company's stock valued at $446,000 after purchasing an additional 3,667 shares in the last quarter. DGS Capital Management LLC grew its holdings in TELUS International (Cda) by 16.4% during the 3rd quarter. DGS Capital Management LLC now owns 36,742 shares of the company's stock valued at $144,000 after purchasing an additional 5,164 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co grew its holdings in TELUS International (Cda) by 17.5% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company's stock valued at $220,000 after purchasing an additional 8,350 shares in the last quarter. 59.55% of the stock is 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.