Scotiabank Forecasts Strong Price Appreciation for Telus Digital (NYSE:TIXT) Stock

Telus Digital (NYSE:TIXT) had its price objective hoisted by equities research analysts at Scotiabank from $3.40 to $4.50 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 0.56% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. CIBC downgraded shares of Telus Digital from a “neutral” rating to a “tender” rating and upped their price target for the stock from $3.40 to $4.50 in a research report on Wednesday. Stifel Canada downgraded shares of Telus Digital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. National Bankshares downgraded shares of Telus Digital from a “sector perform” rating to a “tender” rating and upped their price target for the stock from $4.00 to $4.50 in a research report on Wednesday. Stifel Nicolaus downgraded shares of Telus Digital from a “buy” rating to a “hold” rating and upped their price target for the stock from $4.00 to $4.50 in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Telus Digital from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.93.

Telus Digital Trading Up 0.1%

Shares of Telus Digital stock opened at $4.48 on Thursday. The firm has a 50-day simple moving average of $3.89 and a two-hundred day simple moving average of $3.20. The company has a market cap of $1.24 billion, a P/E ratio of -3.22 and a beta of 0.91. Telus Digital has a fifty-two week low of $2.13 and a fifty-two week high of $4.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84.

Telus Digital (NYSE:TIXT) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.06 earnings per share for the quarter, topping 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 business had revenue of $711.33 million during the quarter, compared to the consensus estimate of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. As a group, equities analysts predict that Telus Digital will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Telus Digital

A number of hedge funds have recently bought and sold shares of the business. Scoggin Management LP acquired a new stake in Telus Digital in the 2nd quarter valued at about $2,011,000. Moore Capital Management LP acquired a new stake in Telus Digital in the 2nd quarter valued at about $508,000. LMR Partners LLP acquired a new stake in Telus Digital in the 2nd quarter valued at about $1,089,000. BNP Paribas Financial Markets raised its holdings in Telus Digital by 141.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 73,778 shares of the company’s stock valued at $268,000 after acquiring an additional 43,184 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Telus Digital by 2,799.1% in the 2nd quarter. Jane Street Group LLC now owns 329,371 shares of the company’s stock valued at $1,196,000 after acquiring an additional 318,010 shares during the last quarter. Institutional investors and hedge funds 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.