Telus Digital (NYSE:TIXT) Receives Average Rating of "Reduce" from Analysts

Telus Digital (NYSE:TIXT - Get Free Report) has received a consensus recommendation of "Reduce" from the nine brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $3.9333.

A number of analysts recently issued reports on TIXT shares. National Bank Financial downgraded shares of Telus Digital from an "outperform" rating to a "sector perform" rating and set a $4.00 price target on the stock. in a report on Monday, July 21st. Wall Street Zen downgraded shares of Telus Digital from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. National Bankshares downgraded shares of Telus Digital from a "sector perform" rating to a "tender" rating and increased their price target for the stock from $4.00 to $4.50 in a report on Wednesday, September 3rd. Scotiabank upped their price objective on shares of Telus Digital from $3.40 to $4.50 and gave the stock a "sector perform" rating in a research report on Thursday, September 4th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Telus Digital in a research report on Wednesday, October 8th.

Telus Digital Stock Performance

Shares of NYSE TIXT opened at $4.49 on Friday. The company's fifty day moving average price is $4.28 and its 200 day moving average price is $3.53. Telus Digital has a 1 year low of $2.13 and a 1 year high of $4.60. The company has a market capitalization of $1.24 billion, a PE ratio of -3.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84.

Telus Digital (NYSE:TIXT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Telus Digital had a negative net margin of 14.09% and a positive return on equity of 1.99%. The firm had revenue of $711.33 million for the quarter, compared to the consensus estimate of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. On average, research analysts predict that Telus Digital will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Telus Digital

Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in Telus Digital by 73.5% during the first quarter. Goldman Sachs Group Inc. now owns 541,635 shares of the company's stock worth $1,457,000 after acquiring an additional 229,369 shares during the period. Acadian Asset Management LLC raised its position in Telus Digital by 1,347.7% during the first quarter. Acadian Asset Management LLC now owns 728,179 shares of the company's stock worth $1,942,000 after acquiring an additional 677,879 shares during the period. Nuveen LLC acquired a new position in Telus Digital during the first quarter worth $225,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Telus Digital by 87.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,086 shares of the company's stock worth $102,000 after acquiring an additional 17,764 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Telus Digital by 26.7% in the first quarter. National Bank of Canada FI now owns 92,189 shares of the company's stock valued at $244,000 after buying an additional 19,427 shares during the last quarter. 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.

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