TELUS International (Cda) Inc. (NYSE:TIXT) Sees Significant Increase in Short Interest

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) saw a large 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. Currently, 5.5% of the shares of the company are sold short. Based on an average daily volume of 483,700 shares, the days-to-cover ratio is presently 7.3 days.

Hedge Funds Weigh In On TELUS International (Cda)

Several institutional investors and hedge funds have recently made changes to their positions in TIXT. Mackenzie Financial Corp increased its holdings in shares of TELUS International (Cda) by 31.1% in the fourth quarter. Mackenzie Financial Corp now owns 10,868,451 shares of the company's stock worth $42,673,000 after acquiring an additional 2,578,241 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in TELUS International (Cda) during the 3rd quarter worth approximately $24,223,000. Clearbridge Investments LLC raised 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 buying an additional 1,198,312 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. raised 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 buying an additional 38,587 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in TELUS International (Cda) by 209.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company's stock valued at $8,222,000 after buying an additional 1,418,119 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TIXT. Stifel Canada upgraded shares of TELUS International (Cda) to a "strong-buy" rating in a research note on Wednesday, January 15th. Stifel Nicolaus started coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They set a "buy" rating and a $5.00 price objective on the stock. Finally, TD Securities upped their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.00.

TELUS International (Cda) Trading Down 0.2 %

Shares of TELUS International (Cda) stock traded down $0.01 during trading on Friday, reaching $2.72. 277,166 shares of the company were exchanged, compared to its average volume of 388,264. The business has a 50-day moving average price of $3.37 and a 200-day moving average price of $3.62. The firm has a market capitalization of $746.63 million, a price-to-earnings ratio of -7.76, a P/E/G ratio of 4.71 and a beta of 0.72. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. TELUS International has a twelve month low of $2.61 and a twelve month high of $8.96.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted 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). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The company had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. Sell-side analysts anticipate 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.