In the last trading session, 1.09 million TELUS International (Cda) Inc (NYSE:TIXT) shares changed hands as the company’s beta touched 0.70. With the company’s per share price at $3.31 changed hands at $0.03 or 0.91% during last session, the market valuation stood at $910.25M. TIXT’s last price was a discount, traded about -247.73% off its 52-week high of $11.51. The share price had its 52-week low at $2.83, which suggests the last value was 14.5% up since then. When we look at TELUS International (Cda) Inc’s average trading volume, we note the 10-day average is 0.71 million shares, with the 3-month average coming to 418.31K.
Analysts gave the TELUS International (Cda) Inc (TIXT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.13. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended TIXT as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. TELUS International (Cda) Inc’s EPS for the current quarter is expected to be -0.01.
TELUS International (Cda) Inc (NYSE:TIXT) trade information
Instantly TIXT was in green as seen at the end of in last trading. With action -21.00%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.56%, with the 5-day performance at -21.00% in the red. However, in the 30-day time frame, TELUS International (Cda) Inc (NYSE:TIXT) is -17.46% down. Looking at the short shares, we see there were 2.05 million shares sold at short interest cover period of 4.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.38, meaning bulls need an upside of 24.43% from its current market value. According to analyst projections, TIXT’s forecast low is 4 with 4.75 as the target high. To hit the forecast high, the stock’s price needs a -43.5% plunge from its current level, while the stock would need to soar -20.85% for it to hit the projected low.
TELUS International (Cda) Inc (TIXT) estimates and forecasts
Data shows that the TELUS International (Cda) Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -48.04% over the past 6 months, a -52.75% in annual growth rate that is considerably lower than the industry average of 16.10%. Year-over-year growth is forecast to reach -2.51% down from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 673.18M. 6 analysts are of the opinion that TELUS International (Cda) Inc’s revenue for the current quarter will be 664.68M. The company’s revenue for the corresponding quarters a year ago was 692M and 657M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.72%. The estimates for the next quarter sales put growth at 1.17%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -6.23%. The 2025 estimates are for TELUS International (Cda) Inc earnings to decrease by -53.67%.
TIXT Dividends
TELUS International (Cda) Inc is expected to release its next quarterly earnings report in February.
TELUS International (Cda) Inc (NYSE:TIXT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 38.71% of TELUS International (Cda) Inc shares while 45.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.33%. There are 45.56% institutions holding the TELUS International (Cda) Inc stock share, with CAPITAL RESEARCH GLOBAL INVESTORS the top institutional holder. As of 2024-06-30, the company held 5.1261% of the shares, roughly 14.05 million TIXT shares worth $81.18 million.
MACKENZIE FINANCIAL CORP holds the second largest percentage of outstanding shares, with 3.0803% or 8.44 million shares worth $48.74 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were College Retirement Equities Fund-Stock Account and Northern Lights Fd Tr III-Counterpoint Tactical Equity Fund . With 153.76 shares estimated at $0.51 million under it, the former controlled 0.14% of total outstanding shares. On the other hand, Northern Lights Fd Tr III-Counterpoint Tactical Equity Fund held about 0.06% of the shares, roughly 71.14 shares worth around $0.24 million.
