Telus International Receives Another Composite Rating Upgrade

Telus International (TIXT) saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before.


The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.

Telus International broke out earlier, but has fallen back below the prior 32.54 entry from a cup with handle. If a stock you’re watching breaks past a buy point then declines 7% or more below the original entry price, it’s considered a failed base. It’s best to wait for the stock to form a new consolidation and breakout. Be aware that it is a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than those with more liquidity.

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The stock has an 89 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 89% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

The company reported a 267% increase in earnings for Q1. Revenue growth fell to 57%, down from 62% in the previous quarter. The company’s next quarterly report is expected on or around Jul. 28.

Telus International earns the No. 5 rank among its peers in the Computer-Technical Services industry group. Endava (DAVA) is the top-ranked stock within the group.


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