Telus Digital (NYSE:TIXT) Receives $4.05 Average PT from Brokerages

Shares of Telus Digital (NYSE:TIXT) have been assigned an average rating of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat.com reports. 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 company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $4.05.

A number of equities research analysts have weighed in on TIXT shares. National Bank Financial upgraded shares of Telus Digital from a “sector perform” rating to an “outperform” rating in a report on Friday, May 9th. CIBC cut their price objective on shares of Telus Digital from $4.50 to $3.40 and set a “neutral” rating on the stock in a report on Friday, June 13th. BMO Capital Markets cut their price objective on shares of Telus Digital from $4.50 to $3.00 and set a “market perform” rating on the stock in a report on Monday, May 12th. Barclays cut their price objective on shares of Telus Digital from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Telus Digital from a “hold” rating to a “buy” rating in a report on Saturday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIXT. Charles Schwab Investment Management Inc. lifted its position in Telus Digital by 52.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 241,896 shares of the company’s stock valued at $950,000 after purchasing an additional 83,164 shares during the period. Virtu Financial LLC raised its position in Telus Digital by 69.3% in the fourth quarter. Virtu Financial LLC now owns 23,202 shares of the company’s stock worth $91,000 after acquiring an additional 9,500 shares during the period. Horrell Capital Management Inc. raised its position in Telus Digital by 8.7% in the fourth quarter. Horrell Capital Management Inc. now owns 625,000 shares of the company’s stock worth $2,450,000 after acquiring an additional 50,000 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Telus Digital by 209.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock worth $8,222,000 after acquiring an additional 1,418,119 shares during the period. Finally, Clearbridge Investments LLC raised its position in Telus Digital by 27.2% in the fourth quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company’s stock worth $21,979,000 after acquiring an additional 1,198,312 shares during the period. Institutional investors own 59.55% of the company’s stock.

Telus Digital Trading Down 3.6%

NYSE:TIXT opened at $3.75 on Thursday. Telus Digital has a 12 month low of $2.13 and a 12 month high of $6.86. The stock has a market capitalization of $1.03 billion, a PE ratio of -7.65, a price-to-earnings-growth ratio of 2.15 and a beta of 0.90. The firm’s 50 day moving average is $3.19 and its 200 day moving average is $3.15. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70.

Telus Digital (NYSE:TIXT) last released its quarterly earnings results on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Telus Digital had a negative net margin of 4.27% and a positive return on equity of 3.40%. The company had revenue of $647.04 million during the quarter, compared to the consensus estimate of $650.18 million. Sell-side 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.