TELUS International (Cda) Inc. (NYSE:TIXT) Short Interest Update

TELUS International (Cda) Inc. (NYSE:TIXT) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 2,050,000 shares, a decline of 17.3% from the December 15th total of 2,480,000 shares. Based on an average trading volume of 409,000 shares, the short-interest ratio is currently 5.0 days. Approximately 3.2% of the shares of the company are sold short.

Analyst Ratings Changes

TIXT has been the subject of a number of analyst reports. Stifel Nicolaus started coverage on TELUS International (Cda) in a research report on Thursday. They set a “buy” rating and a $5.00 price target for the company. Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.20.

TELUS International (Cda) Price Performance

Shares of TIXT traded up $0.30 during mid-day trading on Thursday, hitting $3.65. The company’s stock had a trading volume of 803,046 shares, compared to its average volume of 597,615. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50-day moving average price of $3.76 and a 200 day moving average price of $4.10. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -72.90, a PEG ratio of 1.11 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same period last year, the firm posted $0.19 earnings per share. On average, research analysts predict that TELUS International will post 0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds have recently modified their holdings of TIXT. Blue Trust Inc. boosted its position in shares of TELUS International (Cda) by 15.1% in the 3rd 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 during the period. Marshall Wace LLP lifted its stake in TELUS International (Cda) by 2.3% during the second quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock valued at $1,290,000 after buying an additional 5,017 shares in the last quarter. DGS Capital Management LLC boosted its holdings in shares of TELUS International (Cda) by 16.4% in the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company’s stock worth $144,000 after buying an additional 5,164 shares during the period. Virtu Financial LLC acquired a new position in shares of TELUS International (Cda) in the third quarter worth about $54,000. Finally, Walleye Capital LLC purchased a new position in shares of TELUS International (Cda) in the third quarter worth approximately $60,000. 59.55% of the stock is currently 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.