Telus Digital (NYSE:TIXT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Telus Digital (NYSE:TIXT) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $3.9333.

A number of research firms have recently commented on TIXT. National Bankshares cut Telus Digital from a “sector perform” rating to a “tender” rating and raised their target price for the company from $4.00 to $4.50 in a research note on Wednesday, September 3rd. Wall Street Zen downgraded Telus Digital from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Scotiabank boosted their target price on shares of Telus Digital from $3.40 to $4.50 and gave the company a “sector perform” rating in a report on Thursday, September 4th. Stifel Nicolaus downgraded shares of Telus Digital from a “buy” rating to a “hold” rating and upped their target price for the stock from $4.00 to $4.50 in a research report on Wednesday, September 3rd. Finally, National Bank Financial cut shares of Telus Digital from an “outperform” rating to a “sector perform” rating and set a $4.00 price target for the company. in a research report on Monday, July 21st.

Telus Digital Trading Down 0.1%

Shares of TIXT opened at $4.49 on Tuesday. Telus Digital has a 1-year low of $2.13 and a 1-year high of $4.60. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average price is $4.11 and its 200-day moving average price is $3.37. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -3.23 and a beta of 0.91.

Telus Digital (NYSE:TIXT) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $711.33 million during the quarter, compared to analyst estimates of $660.87 million. Telus Digital had a negative net margin of 14.09% and a positive return on equity of 1.99%. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. Sell-side analysts anticipate that Telus Digital will post 0.32 EPS for the current year.

Institutional Trading of Telus Digital

A number of hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC purchased a new stake in shares of Telus Digital in the 2nd quarter worth approximately $36,000. Dynamic Technology Lab Private Ltd bought a new stake in Telus Digital in the first quarter worth $58,000. PDT Partners LLC grew its stake in shares of Telus Digital by 79.9% in the first quarter. PDT Partners LLC now owns 28,058 shares of the company’s stock worth $75,000 after acquiring an additional 12,458 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Telus Digital in the second quarter worth $85,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Telus Digital during the fourth quarter valued at $101,000. 59.55% of the stock is owned by institutional investors.

About Telus Digital

TELUS Digital 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.