Telus Digital (NYSE:TIXT) Downgraded to "Hold" Rating by Stifel Nicolaus

Key Points

• Stifel Nicolaus downgraded Telus Digital from a "buy" to a "hold" rating, adjusting their price target from $4.00 to $4.50, indicating a modest potential upside of 0.56%.
• The consensus rating for Telus Digital remains at "hold" with a consensus target price of $3.81, reflecting various opinions from multiple research firms.
• Telus Digital reported earnings of $0.06 per share for the last quarter, surpassing expectations and contributing to a recent stock price of $4.48.

Telus Digital (NYSE:TIXT - Get Free Report) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a report released on Wednesday,BayStreet.CA reports. They currently have a $4.50 price target on the stock, up from their prior price target of $4.00. Stifel Nicolaus' price target points to a potential upside of 0.56% from the stock's previous close.

A number of other research firms also recently weighed in on TIXT. BMO Capital Markets decreased their target price on shares of Telus Digital from $4.50 to $3.00 and set a "market perform" rating for the company in a research report on Monday, May 12th. Wall Street Zen downgraded shares of Telus Digital from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. National Bankshares cut Telus Digital from a "sector perform" rating to a "tender" rating and raised their price objective for the company from $4.00 to $4.50 in a report on Wednesday. CIBC reiterated a "tender" rating and set a $4.50 target price (up previously from $3.40) on shares of Telus Digital in a report on Wednesday. Finally, National Bank Financial downgraded Telus Digital from an "outperform" rating to a "sector perform" rating and set a $4.00 price target for the company. in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Telus Digital presently has a consensus rating of "Hold" and a consensus target price of $3.81.

Telus Digital Stock Down 0.1%

Shares of TIXT traded down $0.01 during midday trading on Wednesday, hitting $4.48. The stock had a trading volume of 3,076,681 shares, compared to its average volume of 698,766. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -3.22 and a beta of 0.91. The company has a 50 day simple moving average of $3.84 and a two-hundred day simple moving average of $3.18. Telus Digital has a twelve month low of $2.13 and a twelve month high of $4.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84.

Telus Digital (NYSE:TIXT - Get Free Report) last posted its quarterly earnings data 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. Telus Digital had a positive return on equity of 1.99% and a negative net margin of 14.09%.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. On average, analysts anticipate that Telus Digital will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Telus Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scoggin Management LP acquired a new position in shares of Telus Digital in the second quarter valued at $2,011,000. Moore Capital Management LP bought a new stake in shares of Telus Digital during the 2nd quarter worth about $508,000. LMR Partners LLP acquired a new position 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 period. 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 period. 59.55% of the stock is owned by institutional investors.

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.

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