TELUS International (Cda) (NYSE:TIXT) Sees Unusually-High Trading Volume – Still a Buy?

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) saw unusually-high trading volume on Thursday . Approximately 206,594 shares were traded during trading, a decline of 61% from the previous session’s volume of 523,150 shares.The stock last traded at $3.65 and had previously closed at $3.35.

Analyst Upgrades and Downgrades

TIXT has been the subject of a number of research analyst reports. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a report on Thursday. They set a “buy” rating and a $5.00 price target for the company. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.20.

TELUS International (Cda) Trading Up 8.8 %

The stock has a market capitalization of $1.00 billion, a P/E ratio of -72.90, a P/E/G ratio of 1.11 and a beta of 0.67. 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 business has a 50-day moving average price of $3.76 and a two-hundred day moving average price of $4.10.

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

Institutional Trading of TELUS International (Cda)

Large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth $54,000. Walleye Capital LLC acquired a new stake in TELUS International (Cda) in the third quarter valued at about $60,000. PFW Advisors LLC acquired a new stake in TELUS International (Cda) in the fourth quarter valued at about $67,000. Blue Trust Inc. boosted its stake in TELUS International (Cda) by 15.1% in the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after buying an additional 2,948 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new stake in TELUS International (Cda) in the third quarter valued at about $96,000. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Company Profile

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.