TELUS International (Cda) (NYSE:TIXT) Hits New 12-Month Low – What’s Next?

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) 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

A number of brokerages have commented on TIXT. Stifel Nicolaus began coverage on shares of TELUS International (Cda) in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 price target for the company. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, TD Securities increased their price target 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. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.21.

TELUS International (Cda) Stock Down 2.2 %

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm’s 50 day simple moving average is $3.66 and its two-hundred day simple moving average is $3.70. The firm has a market cap of $793.38 million, a price-to-earnings ratio of -8.24, a PEG ratio of 4.71 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. On average, equities analysts forecast that TELUS International will post 0.32 EPS for the current year.

Hedge Funds Weigh In On TELUS International (Cda)

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at approximately $24,223,000. Mackenzie Financial Corp grew its holdings in shares of TELUS International (Cda) by 31.1% during the 4th quarter. Mackenzie Financial Corp now owns 10,868,451 shares of the company’s stock valued at $42,673,000 after purchasing an additional 2,578,241 shares during the last quarter. Medina Value Partners LLC bought a new stake in shares of TELUS International (Cda) during the 4th quarter valued at approximately $8,211,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of TELUS International (Cda) by 209.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock valued at $8,222,000 after purchasing an additional 1,418,119 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew 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 valued at $7,110,000 after purchasing an additional 1,310,287 shares during the last quarter. 59.55% of the stock is owned by 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.