TELUS International (Cda) (NYSE:TIXT) Reaches New 1-Year Low – Should You Sell?

TELUS International (Cda) Inc. (NYSE:TIXT) hit a new 52-week low on Monday . The company traded as low as $2.58 and last traded at $2.68, with a volume of 12047 shares changing hands. The stock had previously closed at $2.71.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TIXT. TD Securities upped their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Stifel Nicolaus began coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 target price on the stock. Finally, Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.

TELUS International (Cda) Trading Down 2.4 %

The firm has a market cap of $727.38 million, a P/E ratio of -7.56, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. 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 stock has a fifty day simple moving average of $3.30 and a 200 day simple moving average of $3.59.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $672.44 million. TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. On average, research analysts expect that TELUS International will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC bought a new stake in shares of TELUS International (Cda) during the 4th quarter valued at about $37,000. Two Sigma Securities LLC purchased a new stake in TELUS International (Cda) in the fourth quarter worth about $42,000. Bayesian Capital Management LP bought a new position in shares of TELUS International (Cda) in the fourth quarter worth about $45,000. Virtu Financial LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at approximately $54,000. Finally, Walleye Capital LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at approximately $60,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.

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.