TELUS International (Cda) Inc. (NYSE:TIXT) Sees Large Decrease in Short Interest

TELUS International (Cda) Inc. (NYSE:TIXT) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 2,970,000 shares, a drop of 21.0% from the January 31st total of 3,760,000 shares. Based on an average daily volume of 449,700 shares, the days-to-cover ratio is presently 6.6 days. Currently, 4.6% of the shares of the company are short sold.

Institutional Trading of TELUS International (Cda)

Large investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new stake in TELUS International (Cda) during the fourth quarter worth approximately $37,000. Two Sigma Securities LLC bought a new stake in TELUS International (Cda) during the fourth quarter worth approximately $42,000. Bayesian Capital Management LP bought a new stake in TELUS International (Cda) during the fourth quarter worth approximately $45,000. Virtu Financial LLC bought a new stake in TELUS International (Cda) during the third quarter worth approximately $54,000. Finally, Walleye Capital LLC bought a new stake in TELUS International (Cda) during the third quarter worth approximately $60,000. 59.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 price target on the stock. TD Securities raised their price target on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Finally, Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.21.

TELUS International (Cda) Price Performance

Shares of TELUS International (Cda) stock traded down $0.01 on Tuesday, hitting $2.70. The company had a trading volume of 395,466 shares, compared to its average volume of 378,748. The business has a 50-day simple moving average of $3.62 and a 200-day simple moving average of $3.69. 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 company has a market cap of $741.13 million, a PE ratio of -7.70, a PEG ratio of 4.71 and a beta of 0.67. TELUS International has a 52 week low of $2.61 and a 52 week high of $9.94.

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

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.