TELUS Digital (NYSE:TIXT) Receives $4.07 Average Price Target from Analysts

Shares of TELUS Digital (NYSE:TIXT - Get Free Report) have been given an average rating of "Hold" by the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $4.07.

A number of research analysts have weighed in on the company. National Bank Financial raised TELUS Digital from a "sector perform" rating to an "outperform" rating in a research note on Friday, May 9th. Barclays reduced their price target on TELUS Digital from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. BMO Capital Markets reduced their price target on TELUS Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a research note on Monday, May 12th. National Bankshares reduced their price target on TELUS Digital from $4.25 to $3.00 and set a "sector perform" rating on the stock in a research note on Friday, April 25th. Finally, Scotiabank reduced their price target on TELUS Digital from $5.00 to $3.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of TELUS Digital by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 316,626 shares of the company's stock worth $1,244,000 after buying an additional 3,397 shares during the period. Franklin Resources Inc. raised its position in shares of TELUS Digital by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 113,690 shares of the company's stock worth $446,000 after buying an additional 3,667 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of TELUS Digital by 18.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company's stock worth $137,000 after buying an additional 5,509 shares during the period. Blue Trust Inc. raised its position in TELUS Digital by 27.3% in the fourth quarter. Blue Trust Inc. now owns 28,560 shares of the company's stock valued at $112,000 after purchasing an additional 6,132 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its position in TELUS Digital by 17.5% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company's stock valued at $220,000 after purchasing an additional 8,350 shares during the period. 59.55% of the stock is owned by hedge funds and other institutional investors.

TELUS Digital Price Performance

Shares of TIXT traded down $0.05 on Wednesday, reaching $2.66. The stock had a trading volume of 85,909 shares, compared to its average volume of 397,398. The firm has a market capitalization of $731.85 million, a PE ratio of -7.59, a PEG ratio of 4.71 and a beta of 0.72. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $2.59 and a 200 day moving average of $3.24. TELUS Digital has a twelve month low of $2.13 and a twelve month high of $6.86.

TELUS Digital (NYSE:TIXT - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.06 EPS for the quarter, meeting analysts' consensus estimates of $0.06. The firm had revenue of $647.04 million for the quarter, compared to analysts' expectations of $650.18 million. TELUS Digital had a positive return on equity of 5.73% and a negative net margin of 2.30%. Sell-side analysts expect 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.