Telus Digital (NYSE:TIXT) Receives Average Rating of "Hold" from Brokerages

Key Points

• Telus Digital has received a consensus rating of "Hold" from eleven brokerages, with a target price averaging $3.69.
• In recent trading, Telus Digital shares opened at $3.83, down 1.5%, with a 12-month price range between $2.13 and $4.60.
• The company reported $711.33 million in revenue for the last quarter, surpassing expectations, and set a fiscal year 2025 EPS guidance of $0.32.

Shares of Telus Digital (NYSE:TIXT - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.6889.

A number of brokerages have issued reports on TIXT. CIBC decreased their price target on Telus Digital from $4.50 to $3.40 and set a "neutral" rating on the stock in a research note on Friday, June 13th. BMO Capital Markets lowered their price target on 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 Telus Digital from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. 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 report on Monday, July 21st. Finally, Scotiabank boosted their price target on Telus Digital from $3.00 to $3.40 and gave the company a "sector perform" rating in a research report on Tuesday, June 17th.

Institutional Investors Weigh In On Telus Digital

Institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in shares of Telus Digital by 31.1% in the fourth quarter. Mackenzie Financial Corp now owns 10,868,451 shares of the company's stock worth $42,673,000 after buying an additional 2,578,241 shares during the period. QV Investors Inc. boosted its position in shares of Telus Digital by 25.8% in the second quarter. QV Investors Inc. now owns 7,614,325 shares of the company's stock worth $27,623,000 after buying an additional 1,561,690 shares during the period. Acadian Asset Management LLC boosted its position in shares of Telus Digital by 1,347.7% in the first quarter. Acadian Asset Management LLC now owns 728,179 shares of the company's stock worth $1,942,000 after buying an additional 677,879 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Telus Digital by 365.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 739,609 shares of the company's stock worth $2,904,000 after buying an additional 580,726 shares during the period. Finally, Scoggin Management LP acquired a new stake in Telus Digital during the 2nd quarter valued at $2,011,000. Hedge funds and other institutional investors own 59.55% of the company's stock.

Telus Digital Trading Up 1.4%

NYSE:TIXT traded up $0.06 during mid-day trading on Friday, reaching $3.89. The company's stock had a trading volume of 482,132 shares, compared to its average volume of 599,772. The company's fifty day simple moving average is $3.82 and its two-hundred day simple moving average is $3.18. 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 has a twelve month low of $2.13 and a twelve month high of $4.60. The stock has a market cap of $1.08 billion, a P/E ratio of 29.85 and a beta of 0.91.

Telus Digital (NYSE:TIXT - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $711.33 million for the quarter, compared to analyst estimates of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. On average, equities analysts predict 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.