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TELUS International (Cda) Inc. (TIXT) Looks Ready for Growth Despite -18.00% Change This Year

TELUS International (Cda) Inc. (NYSE: TIXT) is -18.00% lower on its value in year-to-date trading and has touched a low of $20.73 and a high of $39.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TIXT stock was last observed hovering at around $26.66 in the last trading session, with the day’s gains setting it 0.45% off its average median price target of $30.00 for the next 12 months. It is also 45.78% off the consensus price target high of $50.00 offered by 15 analysts, but current levels are -17.87% lower than the price target low of $23.00 for the same period.

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Currently trading at $27.11, the stock is 7.25% and 11.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 51027.0 and changing 1.69% at the moment leaves the stock -4.61% off its SMA200. TIXT registered -8.16% loss for a year compared to 6-month loss of -9.63%. The firm has a 50-day simple moving average (SMA 50) of $3.53 and a 200-day simple moving average (SMA200) of $17.12.

The stock witnessed a 17.06% gain in the last 1 month and extending the period to 3 months gives it a 11.75%, and is -0.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 2.97% over the month.

TELUS International (Cda) Inc. (TIXT) has around 62000 employees, a market worth around $2.32B and $3.00B in sales. Current P/E ratio is 51.25 and Fwd P/E is 18.49. Profit margin for the company is 4.80%. Distance from 52-week low is 30.78% and -32.07% from its 52-week high. The company has generated returns on investments over the last 12 months (4.30%).

TELUS International (Cda) Inc. (TIXT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for TELUS International (Cda) Inc. (TIXT) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.10, where 3 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

TELUS International (Cda) Inc. is expected to release its quarterly report on 11/04/2022.The EPS is expected to shrink by -15.80% this year.

TELUS International (Cda) Inc. (TIXT) Top Institutional Holders

The shares outstanding are 266.00M, and float is at 60.08M with Short Float at 0.55%.

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