TELUS International (Cda) Inc. (NYSE:TIXT) Short Interest Down 17.3% in December

TELUS International (Cda) Inc. (NYSE:TIXT) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,050,000 shares, a decrease of 17.3% from the December 15th total of 2,480,000 shares. Based on an average daily trading volume, of 409,000 shares, the short-interest ratio is currently 5.0 days. Approximately 3.2% of the company’s shares are sold short.

Hedge Funds Weigh In On TELUS International (Cda)

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in TELUS International (Cda) during the 3rd quarter worth approximately $54,000. Walleye Capital LLC acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at approximately $60,000. PFW Advisors LLC bought a new position in TELUS International (Cda) during the fourth quarter worth $67,000. Blue Trust Inc. boosted its holdings in TELUS International (Cda) by 15.1% in the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after purchasing an additional 2,948 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new stake in TELUS International (Cda) during the third quarter valued at $96,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TIXT shares. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a report on Thursday. They issued a “buy” rating and a $5.00 price objective on the stock. Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Finally, Stifel Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TELUS International (Cda) has an average rating of “Hold” and a consensus target price of $7.20.

TELUS International (Cda) Stock Down 2.6 %

Shares of TIXT traded down $0.09 during trading on Friday, reaching $3.55. The company’s stock had a trading volume of 721,583 shares, compared to its average volume of 497,086. The company has a market cap of $975.43 million, a price-to-earnings ratio of -70.94, a P/E/G ratio of 1.11 and a beta of 0.67. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $3.74 and a two-hundred day moving average of $4.09. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same period in the prior year, the company posted $0.19 earnings per share. On average, sell-side analysts predict that TELUS International will post 0.43 EPS for the current fiscal year.

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.