TELUS Digital (NYSE:TIXT) Given Consensus Rating of “Hold” by Brokerages

TELUS Digital (NYSE:TIXT) has been given an average recommendation of “Hold” by the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $4.07.

TIXT has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of TELUS Digital from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. National Bankshares decreased their price objective on shares of TELUS Digital from $4.25 to $3.00 and set a “sector perform” rating for the company in a research report on Friday, April 25th. National Bank Financial raised shares of TELUS Digital from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 9th. TD Securities lifted their price objective on shares of TELUS Digital from $3.75 to $4.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Scotiabank decreased their price objective on shares of TELUS Digital from $5.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of TELUS Digital by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock worth $1,244,000 after acquiring an additional 3,397 shares during the period. Franklin Resources Inc. increased its stake in shares of TELUS Digital by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 113,690 shares of the company’s stock worth $446,000 after acquiring an additional 3,667 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of TELUS Digital by 18.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company’s stock worth $137,000 after acquiring an additional 5,509 shares during the period. Blue Trust Inc. increased its stake in shares of TELUS Digital by 27.3% during the fourth quarter. Blue Trust Inc. now owns 28,560 shares of the company’s stock worth $112,000 after acquiring an additional 6,132 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of TELUS Digital by 17.5% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company’s stock worth $220,000 after acquiring an additional 8,350 shares during the period. 59.55% of the stock is currently owned by institutional investors and hedge funds.

TELUS Digital Stock Down 0.4%

TELUS Digital stock opened at $2.84 on Wednesday. TELUS Digital has a fifty-two week low of $2.13 and a fifty-two week high of $6.86. 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 firm has a 50 day moving average price of $2.60 and a 200 day moving average price of $3.27. The company has a market capitalization of $782.85 million, a PE ratio of -8.11, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72.

TELUS Digital (NYSE:TIXT) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $647.04 million during the quarter, compared to the consensus estimate of $650.18 million. TELUS Digital had a negative net margin of 2.30% and a positive return on equity of 5.73%. Research analysts expect that TELUS Digital will post 0.32 earnings per share for the current year.

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.