Scotiabank Issues Positive Forecast for Telus Digital (NYSE:TIXT) Stock Price

Key Points

• Scotiabank has raised the price target for Telus Digital (NYSE:TIXT) from $3.40 to $4.50, indicating a potential upside of 0.56% from the previous close.
• Despite the positive adjustment by Scotiabank, other analysts have expressed mixed sentiments, with ratings ranging from "buy" to "tender," and target prices varying significantly.
• Telus Digital reported earnings of $0.06 per share for the last quarter, surpassing estimates, while also anticipating a full-year EPS of $0.32 for 2025.

Telus Digital (NYSE:TIXT - Free Report) had its price target raised by Scotiabank from $3.40 to $4.50 in a research report sent to investors on Thursday, Marketbeat.com reports. Scotiabank currently has a sector perform rating on the stock.

TIXT has been the subject of several other research reports. BMO Capital Markets decreased their price objective on Telus Digital from $4.50 to $3.00 and set a "market perform" rating for the company in a research note on Monday, May 12th. CIBC cut Telus Digital from a "neutral" rating to a "tender" rating and lifted their price objective for the company from $3.40 to $4.50 in a research note on Wednesday, September 3rd. National Bankshares cut Telus Digital from a "sector perform" rating to a "tender" rating and lifted their price objective for the company from $4.00 to $4.50 in a research note on Wednesday, September 3rd. Stifel Nicolaus cut Telus Digital from a "buy" rating to a "hold" rating and lifted their price objective for the company from $4.00 to $4.50 in a research note on Wednesday, September 3rd. Finally, Wall Street Zen cut Telus Digital from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Nine analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $3.93.

Telus Digital Trading Up 0.8%

Telus Digital stock traded up $0.04 during midday trading on Thursday, reaching $4.51. 1,838,273 shares of the stock traded hands, compared to its average volume of 745,299. The company has a 50-day simple moving average of $3.89 and a two-hundred day simple moving average of $3.20. Telus Digital has a 12-month low of $2.13 and a 12-month 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 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 announced its earnings results on Friday, August 1st. The company reported $0.06 EPS for the quarter, beating 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 company had revenue of $711.33 million during the quarter, compared to analysts' expectations of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. Research analysts expect that Telus Digital will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telus Digital

Several institutional investors have recently added to or reduced their stakes in TIXT. Gabelli Funds LLC purchased a new stake in Telus Digital during the second quarter worth approximately $36,000. Bayesian Capital Management LP acquired a new position in Telus Digital during the fourth quarter worth approximately $45,000. Dynamic Technology Lab Private Ltd acquired a new position in Telus Digital during the first quarter worth approximately $58,000. 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 worth $75,000 after buying an additional 12,458 shares during the period. Finally, Avior Wealth Management LLC acquired a new position in Telus Digital during the second quarter worth approximately $85,000. Hedge funds and other institutional investors own 59.55% of the company's stock.

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.