Telus Digital (NYSE:TIXT) Lowered to Sector Perform Rating by National Bankshares

National Bankshares cut shares of Telus Digital (NYSE:TIXT) from an outperform rating to a sector perform rating in a research report report published on Monday morning,BayStreet.CA reports. They currently have $4.00 price objective on the stock, up from their previous price objective of $3.50.

A number of other research analysts also recently issued reports on TIXT. Barclays cut their price target on Telus Digital from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Wall Street Zen downgraded Telus Digital from a “buy” rating to a “hold” rating in a research note on Sunday. CIBC lowered their price target on Telus Digital from $4.50 to $3.40 and set a “neutral” rating for the company in a research report on Friday, June 13th. National Bank Financial cut 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. Finally, BMO Capital Markets decreased their price objective on Telus Digital from $4.50 to $3.00 and set a “market perform” rating for the company in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3.88.

Telus Digital Price Performance

Shares of Telus Digital stock opened at $3.89 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50 day simple moving average is $3.32 and its two-hundred day simple moving average is $3.14. The stock has a market capitalization of $1.07 billion, a P/E ratio of -7.93 and a beta of 0.90. Telus Digital has a one year low of $2.13 and a one year high of $6.86.

Telus Digital (NYSE:TIXT) last posted its earnings results on Friday, May 9th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Telus Digital had a positive return on equity of 3.40% and a negative net margin of 4.27%. The company had revenue of $647.04 million for the quarter, compared to the consensus estimate of $650.18 million. Analysts forecast that Telus Digital will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Telus Digital

A number of institutional investors have recently added to or reduced their stakes in TIXT. Aquatic Capital Management LLC acquired a new position in Telus Digital in the 4th quarter valued at $37,000. Two Sigma Securities LLC acquired a new stake in shares of Telus Digital in the fourth quarter valued at approximately $42,000. Bayesian Capital Management LP acquired a new position in shares of Telus Digital during the fourth quarter valued at approximately $45,000. PDT Partners LLC acquired a new position in Telus Digital in the fourth quarter worth approximately $61,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Telus Digital during the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.

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.