Telus Digital (NYSE:TIXT) Given Consensus Recommendation of "Hold" by Brokerages

Telus Digital (NYSE:TIXT - Get Free Report) has received an average recommendation of "Hold" from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $4.05.

Several brokerages have weighed in on TIXT. Scotiabank boosted their price objective on Telus Digital from $3.00 to $3.40 and gave the stock a "sector perform" rating in a report on Tuesday. Barclays lowered their price target on Telus Digital from $5.00 to $3.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. 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 report on Monday, May 12th. National Bank Financial upgraded Telus Digital from a "sector perform" rating to an "outperform" rating in a research report on Friday, May 9th. Finally, CIBC decreased their price objective on Telus Digital from $4.50 to $3.40 and set a "neutral" rating for the company in a research report on Friday, June 13th.

Telus Digital Price Performance

TIXT traded down $0.03 during trading on Friday, hitting $3.61. The company's stock had a trading volume of 768,352 shares, compared to its average volume of 480,263. The firm's 50 day moving average price is $2.77 and its two-hundred day moving average price is $3.16. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. Telus Digital has a 12 month low of $2.13 and a 12 month high of $6.86. The stock has a market capitalization of $993.72 million, a price-to-earnings ratio of -7.36, a price-to-earnings-growth ratio of 2.08 and a beta of 0.80.

Telus Digital (NYSE:TIXT - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $647.04 million during the quarter, compared to analysts' expectations of $650.18 million. Telus Digital had a positive return on equity of 3.40% and a negative net margin of 4.27%. Sell-side analysts forecast that Telus Digital will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telus Digital

Large investors have recently made changes to their positions in the stock. Aquatic Capital Management LLC acquired a new stake in shares of Telus Digital in the 4th quarter valued at approximately $37,000. Two Sigma Securities LLC bought a new stake in Telus Digital in the 4th quarter valued at $42,000. Bayesian Capital Management LP bought a new stake in Telus Digital in the 4th quarter valued at $45,000. PDT Partners LLC bought a new stake in Telus Digital in the 4th quarter valued at $61,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Telus Digital in the 1st quarter valued at $58,000. Institutional investors and hedge funds 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.