TELUS International (Cda) (NYSE:TIXT) Shares Up 4% – Here’s Why

TELUS International (Cda) Inc. (NYSE:TIXT)’s share price was up 4% 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 Analysts Forecast Growth

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

TELUS International (Cda) Stock Performance

The stock’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $4.29. The company has a market capitalization of $1.08 billion, a PE ratio of -78.40, a PEG ratio of 1.22 and a beta of 0.70. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to the consensus estimate 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 last year, the business posted $0.19 EPS. On average, research analysts predict that TELUS International will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of TELUS International (Cda)

Several large investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in TELUS International (Cda) in the 3rd quarter valued at approximately $54,000. Walleye Capital LLC acquired a new position in shares of TELUS International (Cda) in the third quarter worth $60,000. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 2,948 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of TELUS International (Cda) during the third quarter valued at $96,000. Finally, Centiva Capital LP purchased a new stake in TELUS International (Cda) during the 3rd quarter worth about $103,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.