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

TELUS International (Cda) Inc. (NYSE:TIXT) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,540,000 shares, a growth of 19.2% from the February 13th total of 2,970,000 shares. Based on an average daily trading volume, of 483,700 shares, the days-to-cover ratio is presently 7.3 days. Currently, 5.5% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TIXT. TD Securities lifted their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a report on Friday, February 14th. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They set a “buy” rating and a $5.00 price objective for the company. Finally, Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.21.

TELUS International (Cda) Stock Performance

Shares of NYSE TIXT traded up $0.04 during trading hours on Tuesday, hitting $2.77. 289,388 shares of the company’s stock were exchanged, compared to its average volume of 387,085. TELUS International has a 1-year low of $2.61 and a 1-year high of $8.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $760.38 million, a price-to-earnings ratio of -7.90, a PEG ratio of 4.71 and a beta of 0.72. The company’s 50-day moving average price is $3.40 and its 200-day moving average price is $3.64.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. On average, sell-side analysts expect that TELUS International will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TELUS International (Cda)

Several institutional investors and hedge funds have recently added to or reduced their stakes in TIXT. Scheer Rowlett & Associates Investment Management Ltd. increased its stake in TELUS International (Cda) by 5.8% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock valued at $12,301,000 after acquiring an additional 173,477 shares during the period. Charles Schwab Investment Management Inc. increased its stake in TELUS International (Cda) by 192.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 158,732 shares of the company’s stock valued at $620,000 after acquiring an additional 104,430 shares during the period. Northwest & Ethical Investments L.P. increased its stake in TELUS International (Cda) by 256.5% during the third quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock valued at $7,110,000 after acquiring an additional 1,310,287 shares during the period. Walleye Capital LLC bought a new position in TELUS International (Cda) during the third quarter valued at about $60,000. Finally, Circumference Group LLC bought a new position in TELUS International (Cda) during the third quarter valued at about $2,248,000. 59.55% of the stock is currently owned by institutional investors.

TELUS International (Cda) Company Profile

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.