National Bankshares Downgrades Telus Digital (NYSE:TIXT) to Sector Perform

Telus Digital (NYSE:TIXT - Get Free Report) was downgraded by investment analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a report released on Monday,BayStreet.CA reports. They currently have a $4.00 price target on the stock, up from their previous price target of $3.50. National Bankshares' price objective suggests a potential downside of 1.84% from the company's previous close.

TIXT has been the subject of several other research reports. National Bank Financial lowered shares of Telus Digital from an "outperform" rating to a "sector perform" rating and set a $4.00 price target for the company. in a research report on Monday. BMO Capital Markets decreased their price target on shares of Telus Digital from $4.50 to $3.00 and set a "market perform" rating for the company in a research note on Monday, May 12th. Barclays decreased their target price on Telus Digital from $5.00 to $3.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. CIBC decreased their target price on Telus Digital from $4.50 to $3.40 and set a "neutral" rating for the company in a research report on Friday, June 13th. Finally, Scotiabank raised their target price on Telus Digital from $3.00 to $3.40 and gave the stock a "sector perform" rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Telus Digital has an average rating of "Hold" and an average price target of $3.88.

Telus Digital Stock Up 0.6%

Shares of Telus Digital stock traded up $0.03 during trading hours on Monday, reaching $4.08. The company's stock had a trading volume of 407,029 shares, compared to its average volume of 542,095. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86. The stock's fifty day simple moving average is $3.38 and its two-hundred day simple moving average is $3.15. Telus Digital has a one year low of $2.13 and a one year high of $6.86. The company has a market capitalization of $1.12 billion, a P/E ratio of -8.32 and a beta of 0.90.

Telus Digital (NYSE:TIXT - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. Telus Digital had a negative net margin of 4.27% and a positive return on equity of 3.40%. The company had revenue of $647.04 million for the quarter, compared to analyst estimates of $650.18 million. On average, research analysts forecast that Telus Digital will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Telus Digital

Several hedge funds have recently bought and sold shares of TIXT. Aquatic Capital Management LLC purchased a new position in Telus Digital during the fourth quarter valued at approximately $37,000. Two Sigma Securities LLC bought a new stake in Telus Digital during the fourth quarter valued at approximately $42,000. Bayesian Capital Management LP bought a new stake in Telus Digital during the fourth quarter valued at approximately $45,000. Dynamic Technology Lab Private Ltd bought a new stake in Telus Digital during the first quarter valued at approximately $58,000. Finally, PDT Partners LLC bought a new stake in Telus Digital during the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 59.55% of the company's stock.

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.