TELUS International (Cda) (NYSE:TIXT) Stock Price Up 4% – Time to Buy?

TELUS International (Cda) Inc. (NYSE:TIXT) rose 4% during mid-day trading on Tuesday . The company traded as high as $3.93 and last traded at $3.92. Approximately 734,391 shares changed hands during trading, an increase of 117% from the average daily volume of 338,740 shares. The stock had previously closed at $3.77.

Wall Street Analyst Weigh In

Separately, Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, TELUS International (Cda) currently has a consensus rating of “Hold” and an average price target of $7.37.

TELUS International (Cda) Stock Up 4.0 %

The firm has a market capitalization of $1.08 billion, a PE ratio of -78.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $3.79 and a two-hundred day moving average of $4.29.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. During the same quarter last year, the firm posted $0.19 earnings per share. On average, equities research analysts forecast that TELUS International will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TIXT. JPMorgan Chase & Co. purchased a new position in TELUS International (Cda) in the 3rd quarter valued at about $24,223,000. DGS Capital Management LLC boosted its holdings in TELUS International (Cda) by 16.4% in the third 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. Virtu Financial LLC acquired a new stake in TELUS International (Cda) during the 3rd quarter valued at approximately $54,000. Barclays PLC increased its holdings in TELUS International (Cda) by 118.8% during the 3rd quarter. Barclays PLC now owns 30,629 shares of the company’s stock worth $120,000 after purchasing an additional 16,629 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $115,000. 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.