TELUS International (Cda) (NYSE:TIXT) Shares Down 7.9% – Time to Sell?

Shares of TELUS International (Cda) Inc. (NYSE:TIXT) were down 7.9% on Tuesday . The stock traded as low as $3.86 and last traded at $3.86. Approximately 226,663 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 378,907 shares. The stock had previously closed at $4.19.

Analyst Ratings Changes

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 issued a buy rating to the stock. According to data from MarketBeat, TELUS International (Cda) presently has a consensus rating of “Hold” and an average price target of $7.37.

TELUS International (Cda) Price Performance

The stock has a 50 day moving average of $3.81 and a two-hundred day moving average of $4.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $880 million, a PE ratio of -64.00, a PEG ratio of 1.22 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping 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 business had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.10 million. During the same period last year, the firm posted $0.19 earnings per share. Equities analysts anticipate that TELUS International will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at $54,000. Walleye Capital LLC acquired a new stake in TELUS International (Cda) during the third quarter valued at $60,000. Blue Trust Inc. grew 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 purchasing an additional 2,948 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in TELUS International (Cda) in the 3rd quarter worth about $96,000. Finally, Centiva Capital LP purchased a new stake in shares of TELUS International (Cda) during the 3rd quarter worth about $103,000. 59.55% of the stock is 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.