Telus Digital (NYSE:TIXT - Get Free Report) was downgraded by stock analysts at National Bank Financial from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $4.00 price target on the stock.
A number of other analysts have also weighed in on TIXT. Wall Street Zen lowered shares of Telus Digital from a "buy" rating to a "hold" rating in a report on Sunday. Barclays decreased their target price on shares of Telus Digital from $5.00 to $3.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. BMO Capital Markets decreased their target price on shares of Telus Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a report on Monday, May 12th. CIBC decreased their price target on shares of Telus Digital from $4.50 to $3.40 and set a "neutral" rating on the stock in a report on Friday, June 13th. Finally, National Bankshares decreased their price target on shares of Telus Digital from $4.25 to $3.00 and set a "sector perform" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $3.80.
Check Out Our Latest Analysis on Telus Digital
Telus Digital Stock Up 1.3%
TIXT opened at $4.00 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -8.16 and a beta of 0.90. Telus Digital has a twelve month low of $2.13 and a twelve month high of $6.86. The company's 50-day moving average price is $3.32 and its two-hundred day moving average price is $3.14.
Telus Digital (NYSE:TIXT - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $0.06 EPS for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $647.04 million for the quarter, compared to analysts' expectations of $650.18 million. Telus Digital had a negative net margin of 4.27% and a positive return on equity of 3.40%. As a group, equities analysts expect that Telus Digital will post 0.32 earnings per share for the current year.
Institutional Investors Weigh In On Telus Digital
Several hedge funds and other institutional investors have recently bought and sold shares of TIXT. Charles Schwab Investment Management Inc. boosted its stake in Telus Digital by 52.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 241,896 shares of the company's stock worth $950,000 after buying an additional 83,164 shares during the period. Virtu Financial LLC raised its holdings in Telus Digital by 69.3% during the fourth quarter. Virtu Financial LLC now owns 23,202 shares of the company's stock worth $91,000 after purchasing an additional 9,500 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in Telus Digital by 8.7% during the fourth quarter. Horrell Capital Management Inc. now owns 625,000 shares of the company's stock worth $2,450,000 after purchasing an additional 50,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Telus Digital by 209.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company's stock worth $8,222,000 after purchasing an additional 1,418,119 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Telus Digital by 27.2% in the 4th quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company's stock valued at $21,979,000 after acquiring an additional 1,198,312 shares during the period. 59.55% of the stock is currently owned by institutional investors and hedge funds.
About Telus Digital
(
Get Free Report)
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.
Further Reading
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