Telus Digital (NYSE:TIXT) Receives $3.88 Consensus Price Target from Analysts

Telus Digital (NYSE:TIXT) has been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $3.6889.

Several brokerages recently weighed in on TIXT. CIBC cut their target price on Telus Digital from $4.50 to $3.40 and set a “neutral” rating on the stock in a research report on Friday, June 13th. BMO Capital Markets reduced their price objective on Telus Digital from $4.50 to $3.00 and set a “market perform” rating on the stock in a research note on Monday, May 12th. Scotiabank boosted their target price on Telus Digital from $3.00 to $3.40 and gave the stock a “sector perform” rating in a report on Tuesday, June 17th. National Bank Financial downgraded shares of Telus Digital from an “outperform” rating to a “sector perform” rating and set a $4.00 target price for the company. in a research report on Monday, July 21st. Finally, Wall Street Zen cut shares of Telus Digital from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TIXT. Wells Fargo & Company MN increased its holdings in Telus Digital by 1.1% during the 4th quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock worth $1,244,000 after purchasing an additional 3,397 shares during the last quarter. Franklin Resources Inc. grew its position 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 buying an additional 3,667 shares in the last quarter. Public Employees Retirement System of Ohio grew its position 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 buying an additional 5,509 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Telus Digital in the fourth quarter worth $37,000. Finally, TD Asset Management Inc raised its holdings in Telus Digital by 4.0% in the first quarter. TD Asset Management Inc now owns 260,719 shares of the company’s stock valued at $699,000 after acquiring an additional 9,992 shares in the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

Telus Digital Trading Up 1.5%

Shares of TIXT stock opened at $3.64 on Monday. The firm’s 50-day simple moving average is $3.60 and its 200-day simple moving average is $3.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.86. Telus Digital has a 1-year low of $2.13 and a 1-year high of $4.60. The firm has a market cap of $1.00 billion, a P/E ratio of -2.62 and a beta of 0.90.

Telus Digital (NYSE:TIXT) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm 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%. As a group, equities analysts forecast that Telus Digital will post 0.32 EPS for the current year.

Telus Digital Company Profile

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.