Telus Digital (NYSE:TIXT) Receives $3.93 Average Target Price from Analysts

Telus Digital (NYSE:TIXT) has been assigned a consensus recommendation of “Reduce” from the nine analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $3.9333.

A number of research firms recently weighed in on TIXT. National Bank Financial lowered shares of Telus Digital from an “outperform” rating to a “sector perform” rating and set a $4.00 target price on the stock. in a research note on Monday, July 21st. CIBC downgraded shares of Telus Digital from a “neutral” rating to a “tender” rating and increased their price objective for the company from $3.40 to $4.50 in a research report on Wednesday, September 3rd. Wall Street Zen lowered shares of Telus Digital from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. National Bankshares downgraded shares of Telus Digital from a “sector perform” rating to a “tender” rating and boosted their target price for the stock from $4.00 to $4.50 in a research note on Wednesday, September 3rd. Finally, Stifel Nicolaus cut Telus Digital from a “buy” rating to a “hold” rating and raised their price target for the company from $4.00 to $4.50 in a research note on Wednesday, September 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc grew its position 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 acquiring an additional 9,992 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Telus Digital by 87.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,086 shares of the company’s stock worth $102,000 after purchasing an additional 17,764 shares during the period. Bank of Nova Scotia grew its position in Telus Digital by 4.1% during the 1st quarter. Bank of Nova Scotia now owns 257,784 shares of the company’s stock worth $692,000 after purchasing an additional 10,053 shares during the last quarter. National Bank of Canada FI increased its stake in Telus Digital by 26.7% in the first quarter. National Bank of Canada FI now owns 92,189 shares of the company’s stock valued at $244,000 after purchasing an additional 19,427 shares during the period. Finally, Nuveen LLC acquired a new position in Telus Digital in the first quarter valued at $225,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.

Telus Digital Price Performance

Shares of NYSE TIXT opened at $4.48 on Friday. The stock has a market cap of $1.24 billion, a P/E ratio of -3.22 and a beta of 0.94. The business’s fifty day simple moving average is $4.30 and its 200-day simple moving average is $3.56. Telus Digital has a 12-month low of $2.13 and a 12-month high of $4.60. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85.

Telus Digital (NYSE:TIXT) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $711.33 million for the quarter, compared to the consensus estimate 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, equities analysts predict that Telus Digital will post 0.32 EPS for the current fiscal 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.