Telus Digital (NYSE:TIXT) Lowered to “Tender” Rating by National Bankshares

National Bankshares lowered shares of Telus Digital (NYSE:TIXT) from a sector perform rating to a tender rating in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has $4.50 price target on the stock, up from their previous price target of $4.00.

TIXT has been the topic of a number of other reports. Wall Street Zen lowered shares of Telus Digital from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. CIBC lowered shares of Telus Digital from a “neutral” rating to a “tender” rating and boosted their price target for the stock from $3.40 to $4.50 in a research note on Wednesday. Scotiabank boosted their price target on shares of Telus Digital from $3.00 to $3.40 and gave the stock a “sector perform” rating in a research note on Tuesday, June 17th. National Bank Financial lowered shares of Telus Digital from an “outperform” rating to a “sector perform” rating and set a $4.00 price target on the stock. in a research note on Monday, July 21st. Finally, Morgan Stanley cut their price target on shares of Telus Digital from $3.49 to $3.40 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $3.81.

Telus Digital Trading Down 0.1%

NYSE TIXT opened at $4.48 on Wednesday. The firm’s 50-day moving average is $3.85 and its two-hundred day moving average is $3.19. Telus Digital has a 12 month low of $2.13 and a 12 month high of $4.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $1.24 billion, a P/E ratio of -3.22 and a beta of 0.91.

Telus Digital (NYSE:TIXT) last posted its earnings results on Friday, August 1st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Telus Digital had a negative net margin of 14.09% and a positive return on equity of 1.99%. The company had revenue of $711.33 million for the quarter, compared to analysts’ expectations of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. On average, sell-side analysts anticipate that Telus Digital will post 0.32 earnings per share for the current year.

Institutional Trading of Telus Digital

A number of large investors have recently made changes to their positions in the company. 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 buying an additional 5,509 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Telus Digital during the fourth quarter worth approximately $37,000. TD Asset Management Inc increased its stake in shares of Telus Digital by 4.0% during the first quarter. TD Asset Management Inc now owns 260,719 shares of the company’s stock worth $699,000 after buying an additional 9,992 shares during the period. Gabelli Funds LLC purchased a new position in Telus Digital in the second quarter valued at approximately $36,000. Finally, Bank of Nova Scotia increased its stake in Telus Digital by 4.1% in the first quarter. Bank of Nova Scotia now owns 257,784 shares of the company’s stock valued at $692,000 after purchasing an additional 10,053 shares during the last quarter. 59.55% of the stock is currently owned by hedge funds and other 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.