Brokerages Set Telus Digital (NYSE:TIXT) Price Target at $4.05

Telus Digital (NYSE:TIXT - Get Free Report) has received an average recommendation of "Hold" from the seventeen research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $4.05.

TIXT has been the topic of a number of research reports. Wall Street Zen upgraded Telus Digital from a "hold" rating to a "buy" rating in a report on Saturday. Barclays cut their price target on 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 cut their price target on Telus Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a report on Monday, May 12th. National Bank Financial upgraded Telus Digital from a "sector perform" rating to an "outperform" rating in a report on Friday, May 9th. 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 report on Tuesday, June 17th.

Institutional Trading of Telus Digital

Several institutional investors and hedge funds have recently bought and sold shares of TIXT. Goldman Sachs Group Inc. grew its position in shares of Telus Digital by 73.5% in the first quarter. Goldman Sachs Group Inc. now owns 541,635 shares of the company's stock valued at $1,457,000 after purchasing an additional 229,369 shares during the last quarter. Acadian Asset Management LLC grew 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 valued at $1,942,000 after purchasing an additional 677,879 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Telus Digital in the first quarter valued at approximately $58,000. Circumference Group LLC grew its position in shares of Telus Digital by 8.0% in the first quarter. Circumference Group LLC now owns 675,000 shares of the company's stock valued at $1,816,000 after purchasing an additional 50,000 shares during the last quarter. Finally, PDT Partners LLC grew its position in shares of Telus Digital by 79.9% in 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. Institutional investors own 59.55% of the company's stock.

Telus Digital Trading Down 3.6%

NYSE:TIXT traded down $0.14 on Thursday, reaching $3.75. The company's stock had a trading volume of 504,808 shares, compared to its average volume of 507,365. Telus Digital has a 1-year low of $2.13 and a 1-year high of $6.86. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $1.03 billion, a PE ratio of -7.65, a PEG ratio of 2.15 and a beta of 0.90. The business's 50-day moving average price is $3.19 and its two-hundred day moving average price is $3.15.

Telus Digital (NYSE:TIXT - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. Telus Digital had a positive return on equity of 3.40% and a negative net margin of 4.27%. The firm had revenue of $647.04 million during the quarter, compared to analysts' expectations of $650.18 million. Equities research analysts anticipate that Telus Digital will post 0.32 earnings per share for the current fiscal year.

Telus Digital Company Profile

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.