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

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.

Stifel Nicolaus lowered shares of Telus Digital (NYSE:TIXT - Free Report) from a buy rating to a hold rating in a research note released on Wednesday morning,BayStreet.CA reports. They currently have $4.50 target price on the stock, up from their prior target price of $4.00.

Several other equities analysts also recently weighed in on TIXT. BMO Capital Markets lowered their price target 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. Wall Street Zen downgraded shares of Telus Digital from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Morgan Stanley lowered their target price on shares of Telus Digital from $3.49 to $3.40 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Scotiabank boosted their target price on shares of Telus Digital from $3.00 to $3.40 and gave the stock a "sector perform" rating in a report on Tuesday, June 17th. Finally, 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 report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Telus Digital presently has an average rating of "Hold" and an average target price of $3.93.

Telus Digital Stock Performance

Shares of TIXT stock traded up $0.04 during trading hours on Wednesday, reaching $4.51. The company had a trading volume of 1,838,273 shares, compared to its average volume of 745,299. The business has a fifty day moving average price of $3.89 and a 200-day moving average price of $3.20. Telus Digital has a one year low of $2.13 and a one year high of $4.60. The firm has a market cap of $1.25 billion, a PE ratio of -3.24 and a beta of 0.91. 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 (NYSE:TIXT - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Telus Digital had a negative net margin of 14.09% and a positive return on equity of 1.99%. The company had revenue of $711.33 million during the quarter, compared to analyst estimates of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. Sell-side analysts predict that Telus Digital will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telus Digital

Large investors have recently bought and sold shares of the business. Gabelli Funds LLC bought a new stake in Telus Digital in the second quarter worth $36,000. Aquatic Capital Management LLC bought a new position in Telus Digital during the fourth quarter valued at $37,000. Bayesian Capital Management LP bought a new position in Telus Digital during the fourth quarter valued at $45,000. Dynamic Technology Lab Private Ltd bought a new position in Telus Digital during the first quarter valued at $58,000. Finally, PDT Partners LLC increased its position in Telus Digital by 79.9% during the first quarter. PDT Partners LLC now owns 28,058 shares of the company's stock valued at $75,000 after acquiring an additional 12,458 shares during the last quarter. Institutional investors own 59.55% of the company's stock.

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.