TELUS International (Cda) (NYSE:TIXT) Hits New 12-Month Low at $5.53

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) hit a new 52-week low during trading on Monday . The company traded as low as $5.53 and last traded at $5.57, with a volume of 102688 shares traded. The stock had previously closed at $5.73.

Analyst Ratings Changes

Several analysts have weighed in on TIXT shares. Guggenheim assumed coverage on TELUS International (Cda) in a report on Tuesday, March 19th. They set a “neutral” rating and a $9.00 price objective for the company. CIBC lowered their target price on shares of TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Citigroup cut their price target on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Barclays decreased their price objective on TELUS International (Cda) from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, May 13th. Finally, TD Securities upped their price objective on TELUS International (Cda) from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, February 12th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.83.

TELUS International (Cda) Trading Up 8.1 %

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $645.25 million, a P/E ratio of 39.53, a PEG ratio of 0.82 and a beta of 0.73. The business has a 50 day moving average of $7.44 and a 200-day moving average of $8.30.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $657.00 million for the quarter, compared to analysts’ expectations of $675.33 million. TELUS International (Cda) had a net margin of 2.54% and a return on equity of 11.67%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. Analysts anticipate that TELUS International will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of large investors have recently bought and sold shares of TIXT. Shell Asset Management Co. bought a new position in shares of TELUS International (Cda) in the 3rd quarter valued at about $45,000. Blue Trust Inc. grew its stake in TELUS International (Cda) by 142.0% in the fourth quarter. Blue Trust Inc. now owns 9,596 shares of the company’s stock valued at $82,000 after purchasing an additional 5,631 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of TELUS International (Cda) during the 3rd quarter worth approximately $99,000. SG Americas Securities LLC acquired a new position in shares of TELUS International (Cda) during the 4th quarter worth approximately $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of TELUS International (Cda) during the 4th quarter worth approximately $132,000. Institutional investors and hedge funds 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.