Analysts Set Telus Digital (NYSE:TIXT) Price Target at $3.93

Telus Digital (NYSE:TIXT) has received an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $3.9333.

A number of analysts have recently weighed in on the stock. Stifel Canada lowered shares of Telus Digital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Wall Street Zen downgraded Telus Digital from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. National Bank Financial downgraded 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. Stifel Nicolaus downgraded Telus Digital from a “buy” rating to a “hold” rating and upped their target price for the stock from $4.00 to $4.50 in a research report on Wednesday, September 3rd. Finally, Scotiabank upped their price objective on Telus Digital from $3.40 to $4.50 and gave the company a “sector perform” rating in a report on Thursday, September 4th.

Institutional Investors Weigh In On Telus Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in 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 valued at $137,000 after purchasing an additional 5,509 shares during the last quarter. TD Asset Management Inc lifted its stake in Telus Digital by 4.0% during the first quarter. TD Asset Management Inc now owns 260,719 shares of the company’s stock valued at $699,000 after purchasing an additional 9,992 shares during the last quarter. Gabelli Funds LLC acquired a new stake in shares of Telus Digital during the 2nd quarter valued at $36,000. Bank of Nova Scotia lifted its position in shares of Telus Digital by 4.1% during the 1st quarter. Bank of Nova Scotia now owns 257,784 shares of the company’s stock valued at $692,000 after acquiring an additional 10,053 shares during the last quarter. Finally, Aviso Financial Inc. lifted its position in shares of Telus Digital by 25.2% during the 2nd quarter. Aviso Financial Inc. now owns 60,651 shares of the company’s stock valued at $220,000 after acquiring an additional 12,225 shares during the last quarter. 59.55% of the stock is owned by institutional investors and hedge funds.

Telus Digital Trading Down 0.3%

Shares of TIXT stock opened at $4.49 on Tuesday. 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 has a 1 year low of $2.13 and a 1 year high of $4.60. The stock has a fifty day moving average of $4.08 and a two-hundred day moving average of $3.34. The firm has a market capitalization of $1.24 billion, a PE ratio of -3.23 and a beta of 0.91.

Telus Digital (NYSE:TIXT) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $711.33 million during the quarter, compared to analyst estimates of $660.87 million. Telus Digital had a positive return on equity of 1.99% and a negative net margin of 14.09%. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. As a group, research analysts expect that Telus Digital will post 0.32 EPS 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.