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

TELUS International (Cda) Inc. (NYSE:TIXT) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,900,000 shares, a decrease of 18.5% from the October 15th total of 2,330,000 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 443,000 shares, the short-interest ratio is currently 4.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TIXT shares. Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. TD Cowen cut shares of TELUS International (Cda) from a “buy” rating to a “hold” rating and decreased their price objective for the company from $10.00 to $3.75 in a research report on Tuesday, August 6th. CIBC cut shares of TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 6th. Bank of America lowered shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and cut their target price for the company from $11.00 to $4.00 in a research note on Monday, August 5th. Finally, Barclays cut their target price on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, TELUS International (Cda) has a consensus rating of “Hold” and an average target price of $7.37.

TELUS International (Cda) Stock Performance

Shares of NYSE:TIXT traded down $0.25 during trading hours on Friday, hitting $3.62. The stock had a trading volume of 330,081 shares, compared to its average volume of 331,515. The stock’s fifty day simple moving average is $3.75 and its 200 day simple moving average is $4.91. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The firm has a market capitalization of $386.72 million, a price-to-earnings ratio of -73.20, a PEG ratio of 1.20 and a beta of 0.68. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.02.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The company had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. During the same quarter last year, the business earned $0.19 earnings per share. Sell-side analysts anticipate that TELUS International will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Several large investors have recently made changes to their positions in TIXT. Walleye Capital LLC bought a new stake in TELUS International (Cda) during the third quarter worth approximately $60,000. Blue Trust Inc. lifted its position in TELUS International (Cda) by 15.1% in the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after buying an additional 2,948 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at $96,000. Centiva Capital LP bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at $103,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of TELUS International (Cda) during the 3rd quarter valued at $115,000. Institutional investors and hedge funds own 59.55% of the company’s stock.

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.