TELUS International (Cda) (NYSE:TIXT) Shares Gap Up to $5.88

TELUS International (Cda) Inc. (NYSE:TIXTGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $5.88, but opened at $6.00. TELUS International (Cda) shares last traded at $5.83, with a volume of 39,517 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. BMO Capital Markets lowered their target price on shares of TELUS International (Cda) from $9.50 to $7.50 and set a “market perform” rating for the company in a research note on Friday, May 10th. Guggenheim assumed coverage on shares of TELUS International (Cda) in a research report on Tuesday, March 19th. They set a “neutral” rating and a $9.00 price objective for the company. Citigroup cut their target price on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Scotiabank downgraded shares of TELUS International (Cda) from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $13.00 to $10.00 in a research note on Friday, May 10th. Finally, Canaccord Genuity Group dropped their price objective on shares of TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.83.

Check Out Our Latest Stock Report on TIXT

TELUS International (Cda) Stock Down 1.5 %

The business’s fifty day moving average price is $6.85 and its 200 day moving average price is $8.19. The firm has a market capitalization of $618.55 million, a price-to-earnings ratio of 39.23, a PEG ratio of 0.84 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. TELUS International (Cda) had a net margin of 2.54% and a return on equity of 11.67%. The company had revenue of $657.00 million for the quarter, compared to analyst estimates of $675.33 million. During the same period in the previous year, the business posted $0.24 earnings per share. TELUS International (Cda)’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts expect that TELUS International will post 0.96 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of TELUS International (Cda) by 142.0% during the fourth quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock worth $82,000 after purchasing an additional 5,631 shares during the period. SG Americas Securities LLC purchased a new position in TELUS International (Cda) during the 4th quarter worth $124,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of TELUS International (Cda) in the 4th quarter worth $132,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of TELUS International (Cda) by 49.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,341 shares of the company’s stock worth $166,000 after acquiring an additional 6,406 shares during the period. Finally, Aristides Capital LLC purchased a new stake in shares of TELUS International (Cda) in the fourth quarter valued at about $184,000. 59.55% of the stock is currently owned by hedge funds and other institutional investors.

TELUS International (Cda) Company Profile

(Get Free Report)

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.

Further Reading

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