TELUS International (Cda) (NYSE:TIXT) Shares Up 3.1% – Time to Buy?

TELUS International (Cda) Inc. (NYSE:TIXT)’s share price traded up 3.1% during mid-day trading on Tuesday . The stock traded as high as $2.76 and last traded at $2.82. 13,719 shares were traded during mid-day trading, a decline of 96% from the average session volume of 385,849 shares. The stock had previously closed at $2.73.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target for the company. Finally, TD Securities raised their price target on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.21.

TELUS International (Cda) Stock Performance

The company’s fifty day simple moving average is $3.42 and its two-hundred day simple moving average is $3.64. 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 company has a market capitalization of $763.13 million, a price-to-earnings ratio of -7.87, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly 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 business had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. Equities research analysts predict that TELUS International will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in shares of TELUS International (Cda) by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock worth $1,244,000 after buying an additional 3,397 shares during the last quarter. Franklin Resources Inc. lifted its position in TELUS International (Cda) by 3.3% in 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 during the last quarter. DGS Capital Management LLC lifted its position in TELUS International (Cda) by 16.4% in 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 during the last quarter. Public Employees Retirement System of Ohio lifted its position in TELUS International (Cda) by 18.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company’s stock valued at $137,000 after purchasing an additional 5,509 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in TELUS International (Cda) by 27.3% in the 4th quarter. Blue Trust Inc. now owns 28,560 shares of the company’s stock valued at $112,000 after purchasing an additional 6,132 shares during the last quarter. 59.55% of the stock is currently 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.