TELUS International (Cda) (NYSE:TIXT) Reaches New 52-Week Low – What’s Next?

TELUS International (Cda) Inc. (NYSE:TIXT)’s share price hit a new 52-week low on Monday . The stock traded as low as $2.13 and last traded at $2.18, with a volume of 60594 shares. The stock had previously closed at $2.37.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stifel Nicolaus started coverage on 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 raised TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, TD Securities upped their price target 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, TELUS International (Cda) presently has an average rating of “Hold” and an average price target of $6.00.

TELUS International (Cda) Stock Down 3.7 %

The business’s 50 day simple moving average is $3.08 and its 200 day simple moving average is $3.52. 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 has a market capitalization of $606.38 million, a PE ratio of -6.30, a PEG ratio of 4.71 and a beta of 0.71.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly 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 positive return on equity of 5.73% and a negative net margin of 2.30%. The company had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $672.44 million. On average, equities research analysts forecast that TELUS International will post 0.32 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in TELUS International (Cda) during the third quarter valued at $24,223,000. Mackenzie Financial Corp grew its holdings in 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 position in TELUS International (Cda) during the 4th quarter valued at about $8,211,000. Arrowstreet Capital Limited Partnership raised its position in TELUS International (Cda) by 209.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock worth $8,222,000 after purchasing an additional 1,418,119 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in TELUS International (Cda) by 27.2% in the fourth quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company’s stock worth $21,979,000 after purchasing an additional 1,198,312 shares during the last quarter. 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.