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 increased by Scotiabank from $3.40 to $4.50 in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a sector perform rating on the stock.

A number of other brokerages have also issued reports on TIXT. CIBC lowered shares of Telus Digital from a "neutral" rating to a "tender" rating and upped their target price for the company from $3.40 to $4.50 in a research note on Wednesday, September 3rd. Morgan Stanley decreased their price objective on shares of Telus Digital from $3.49 to $3.40 and set an "equal weight" rating for the company in a research note on Monday, August 4th. Wall Street Zen lowered shares of Telus Digital from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Stifel Nicolaus lowered shares of Telus Digital from a "buy" rating to a "hold" rating and lifted their target price for the company from $4.00 to $4.50 in a research note on Wednesday, September 3rd. Finally, National Bank Financial lowered 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 research note on Monday, July 21st. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Telus Digital currently has a consensus rating of "Hold" and a consensus target price of $3.93.

Telus Digital Trading Up 0.3%

NYSE:TIXT traded up $0.02 on Thursday, reaching $4.51. 1,209,694 shares of the company's stock were exchanged, compared to its average volume of 747,338. The business has a fifty day moving average of $3.90 and a 200-day moving average of $3.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -3.24 and a beta of 0.91. Telus Digital has a 52-week low of $2.13 and a 52-week high of $4.60.

Telus Digital (NYSE:TIXT - Get Free Report) last released 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. The firm had revenue of $711.33 million during the quarter, compared to analysts' expectations of $660.87 million. Telus Digital had a positive return on equity of 1.99% and a negative net margin of 14.09%. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. As a group, analysts expect that Telus Digital will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Telus Digital

Several hedge funds and other institutional investors have recently made changes to their positions in TIXT. Public Employees Retirement System of Ohio increased its position in Telus Digital by 18.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company's stock worth $137,000 after purchasing an additional 5,509 shares in the last quarter. Bank of America Corp DE grew its holdings in Telus Digital by 14.3% during the 4th quarter. Bank of America Corp DE now owns 419,723 shares of the company's stock worth $1,645,000 after acquiring an additional 52,561 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Telus Digital during the 4th quarter worth approximately $101,000. Two Sigma Investments LP grew its holdings in Telus Digital by 578.8% during the 4th quarter. Two Sigma Investments LP now owns 497,821 shares of the company's stock worth $1,951,000 after acquiring an additional 424,484 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in Telus Digital during the 4th quarter worth approximately $246,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

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.