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

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

Institutional Trading of TELUS International (Cda)

Several large investors have recently added to or reduced their stakes in TIXT. Aquatic Capital Management LLC purchased a new stake in TELUS International (Cda) in the 4th quarter valued at $37,000. Two Sigma Securities LLC purchased a new stake in TELUS International (Cda) in the 4th quarter valued at $42,000. Bayesian Capital Management LP purchased a new position in shares of TELUS International (Cda) during the 4th quarter worth $45,000. Virtu Financial LLC purchased a new position in shares of TELUS International (Cda) during the 3rd quarter worth $54,000. Finally, Walleye Capital LLC purchased a new position in shares of TELUS International (Cda) during the 3rd quarter worth $60,000. 59.55% of the stock is currently owned by hedge funds and other institutional investors.

TELUS International (Cda) Price Performance

Shares of TIXT traded up $0.18 during trading hours on Friday, hitting $2.97. 411,586 shares of the stock were exchanged, compared to its average volume of 381,868. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The stock's 50-day moving average price is $3.58 and its two-hundred day moving average price is $3.68. The company has a market cap of $815.38 million, a price-to-earnings ratio of -8.47, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. TELUS International has a 12-month low of $2.61 and a 12-month high of $9.30.

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TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its earnings results 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 analysts' expectations 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 earnings per share for the current year.

Analysts Set New Price Targets

TIXT has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a report on Thursday, January 16th. They set a "buy" rating and a $5.00 target price for the company. Stifel Canada raised TELUS International (Cda) to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, TD Securities lifted their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $7.21.

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.