During the last session, TELUS International (Cda) Inc (NYSE:TIXT)’s traded shares were 0.4 million, with the beta value of the company hitting 0.68. At the end of the trading day, the stock’s price was $3.96, reflecting an intraday gain of 0.76% or $0.03. The 52-week high for the TIXT share is $11.51, that puts it down -190.66 from that peak though still a striking 28.54% gain since the share price plummeted to a 52-week low of $2.83. The company’s market capitalization is $1.09B, and the average intraday trading volume over the past 10 days was 0.64 million shares, and the average trade volume was 451.40K shares over the past three months.
TELUS International (Cda) Inc (TIXT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. TIXT has a Sell rating from 1 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.
TELUS International (Cda) Inc (NYSE:TIXT) trade information
TELUS International (Cda) Inc (TIXT) registered a 0.76% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.76% in intraday trading to $3.96, hitting a weekly high. The stock’s 5-day price performance is 8.79%, and it has moved by 8.79% in 30 days. Based on these gigs, the overall price performance for the year is -55.41%. The short interest in TELUS International (Cda) Inc (NYSE:TIXT) is 2.05 million shares and it means that shorts have 4.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.38, which implies an increase of 9.59% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $4.75 respectively. As a result, TIXT is trading at a discount of -19.95% off the target high and -1.01% off the low.
TELUS International (Cda) Inc (TIXT) estimates and forecasts
Statistics show that TELUS International (Cda) Inc has underperformed its competitors in share price, compared to the industry in which it operates. TELUS International (Cda) Inc (TIXT) shares have gone down -36.84% during the last six months, with a year-to-date growth rate less than the industry average at -52.75% against 15.20.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -6.23%. While earnings are projected to return -53.69% in 2025, the next five years will return -15.64% per annum.
TIXT Dividends
TELUS International (Cda) Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
TELUS International (Cda) Inc (NYSE:TIXT)’s Major holders
TELUS International (Cda) Inc insiders own 38.71% of total outstanding shares while institutional holders control 45.58%, with the float percentage being 74.37%. CAPITAL RESEARCH GLOBAL INVESTORS is the largest shareholder of the company, while 115.0 institutions own stock in it. As of 2024-06-30, the company held over 14.05 million shares (or 5.1261% of all shares), a total value of $81.18 million in shares.
The next largest institutional holding, with 8.44 million shares, is of MACKENZIE FINANCIAL CORP’s that is approximately 3.0803% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $48.74 million.
Also, the Mutual Funds coming in first place with the largest holdings of TELUS International (Cda) Inc (TIXT) shares are College Retirement Equities Fund-Stock Account and Northern Lights Fd Tr III-Counterpoint Tactical Equity Fund . Data provided on Sep 30, 2024 indicates that College Retirement Equities Fund-Stock Account owns about 153.76 shares. This amounts to just over 0.14 percent of the company’s overall shares, with a $0.61 million market value. The same data shows that the other fund manager holds slightly less at 71.14, or about 0.06% of the stock, which is worth about $0.28 million.
