Brokerages Set Telus Digital (NYSE:TIXT) PT at $3.88

Key Points

• Telus Digital has received an average recommendation of "Hold" from fifteen research firms, with one sell rating, twelve hold ratings, one buy rating, and one strong buy rating.
• The average 12-month price target for Telus Digital among brokerages is $3.88, with recent price targets ranging from $3.00 to $4.50 depending on the firm.
• Telus Digital reported earnings of $0.06 per share for the last quarter, surpassing expectations, with revenue of $711.33 million compared to analysts' estimates of $660.87 million.

Telus Digital (NYSE:TIXT - Get Free Report) has earned an average rating of "Hold" from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $3.6889.

TIXT has been the subject of several analyst reports. CIBC cut their price objective on shares of Telus Digital from $4.50 to $3.40 and set a "neutral" rating for the company in a report on Friday, June 13th. National Bank Financial downgraded 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 report on Monday, July 21st. Barclays cut their price target on shares of Telus Digital from $5.00 to $3.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Morgan Stanley cut their price target on shares of Telus Digital from $3.49 to $3.40 and set an "equal weight" rating for the company in a report on Monday. Finally, National Bankshares downgraded shares of Telus Digital from an "outperform" rating to a "sector perform" rating and raised their price target for the company from $3.50 to $4.00 in a report on Monday, July 21st.

Hedge Funds Weigh In On Telus Digital

Hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Telus Digital by 209.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company's stock valued at $8,222,000 after buying an additional 1,418,119 shares during the period. Franklin Resources Inc. increased its position in shares of Telus Digital by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 113,690 shares of the company's stock valued at $446,000 after buying an additional 3,667 shares during the period. Geode Capital Management LLC increased its position in shares of Telus Digital by 19.2% during the fourth quarter. Geode Capital Management LLC now owns 76,811 shares of the company's stock valued at $301,000 after buying an additional 12,366 shares during the period. Wells Fargo & Company MN increased its position in shares of Telus Digital by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company's stock valued at $1,244,000 after buying an additional 3,397 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Telus Digital by 13.0% during the fourth quarter. Bank of Montreal Can now owns 211,122 shares of the company's stock valued at $829,000 after buying an additional 24,368 shares during the period. Hedge funds and other institutional investors own 59.55% of the company's stock.

Telus Digital Trading Up 1.2%

TIXT traded up $0.05 during trading on Monday, reaching $3.69. 247,313 shares of the stock traded hands, compared to its average volume of 567,152. The stock's 50-day moving average is $3.60 and its 200 day moving average is $3.18. Telus Digital has a 12 month low of $2.13 and a 12 month high of $4.60. The stock has a market capitalization of $1.02 billion, a PE ratio of -2.65 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 0.85.

Telus Digital (NYSE:TIXT - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.06 earnings per share 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 company had revenue of $711.33 million for the quarter, compared to analyst estimates of $660.87 million. Equities analysts anticipate that Telus Digital will post 0.32 earnings per share 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.