TELUS International (Cda) Inc. (NYSE:TIXT) Short Interest Up 19.2% in February

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Securities raised their target price on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They issued a “buy” rating and a $5.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.08.

TELUS International (Cda) Trading Up 0.0 %

Shares of TELUS International (Cda) stock traded up $0.00 on Thursday, reaching $2.79. The company had a trading volume of 23,665 shares, compared to its average volume of 385,787. The firm’s 50 day moving average price is $3.39 and its two-hundred day moving average price is $3.63. The firm has a market cap of $767.53 million, a PE ratio of -7.97, a PEG ratio of 4.71 and a beta of 0.72. TELUS International has a 52-week low of $2.61 and a 52-week high of $8.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95.

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

Institutional Investors Weigh In On TELUS International (Cda)

Several large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its stake in TELUS International (Cda) by 31.1% during the 4th quarter. Mackenzie Financial Corp now owns 10,868,451 shares of the company’s stock worth $42,673,000 after buying an additional 2,578,241 shares during the period. JPMorgan Chase & Co. acquired a new position in TELUS International (Cda) during the 3rd quarter worth approximately $24,223,000. Clearbridge Investments LLC grew its holdings in TELUS International (Cda) by 27.2% during the 4th quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company’s stock worth $21,979,000 after acquiring an additional 1,198,312 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in TELUS International (Cda) by 1.2% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,189,850 shares of the company’s stock worth $12,522,000 after acquiring an additional 38,587 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in TELUS International (Cda) by 209.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock worth $8,222,000 after acquiring an additional 1,418,119 shares in the last quarter. 59.55% of the stock is owned by hedge funds and other institutional investors.

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.