Telus Digital (NYSE:TIXT) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have given Telus Digital (NYSE:TIXT) an average recommendation of "Hold", with nine research firms covering the company.
• The average twelve-month price target for Telus Digital shares is $3.93, reflecting recent downgrades from various analysts.
• In the last quarter, Telus Digital reported earnings of $0.06 per share, exceeding estimates, and had revenue of $711.33 million, surpassing the consensus estimate.

Shares of Telus Digital (NYSE:TIXT - Get Free Report) have received an average recommendation of "Hold" from the nine research firms that are presently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $3.9333.

Several research analysts have recently issued reports on the company. Stifel Canada cut Telus Digital from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Wall Street Zen cut shares of Telus Digital from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Stifel Nicolaus downgraded shares of Telus Digital from a "buy" rating to a "hold" rating and boosted their price target for the stock from $4.00 to $4.50 in a research report on Wednesday, September 3rd. National Bank Financial cut shares of Telus Digital from an "outperform" rating to a "sector perform" rating and set a $4.00 price objective for the company. in a report on Monday, July 21st. Finally, National Bankshares lowered shares of 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 research note on Wednesday, September 3rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Gabelli Funds LLC bought a new stake in Telus Digital in the second quarter worth about $36,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Telus Digital in the 1st quarter worth approximately $58,000. PDT Partners LLC lifted its stake 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 purchasing an additional 12,458 shares during the last quarter. Avior Wealth Management LLC acquired a new position in Telus Digital in the second quarter worth approximately $85,000. Finally, BNP Paribas Financial Markets acquired a new position in Telus Digital in the fourth quarter worth approximately $101,000. Institutional investors own 59.55% of the company's stock.

Telus Digital Price Performance

NYSE TIXT opened at $4.48 on Tuesday. The company has a 50-day moving average price of $4.05 and a two-hundred day moving average price of $3.31. Telus Digital has a 52 week low of $2.13 and a 52 week high of $4.60. The stock 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 current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85.

Telus Digital (NYSE:TIXT - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Analysts forecast that Telus Digital will post 0.32 EPS for the current 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.

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