Shares of TELUS Digital (NYSE:TIXT - Get Free Report) saw an uptick in trading volume on Friday . 535,734 shares changed hands during mid-day trading, an increase of 15% from the previous session's volume of 466,215 shares.The stock last traded at $3.64 and had previously closed at $3.67.
Wall Street Analyst Weigh In
TIXT has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of TELUS Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a report on Monday, May 12th. Barclays decreased their price objective on TELUS Digital from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. CIBC cut their target price on TELUS Digital from $4.50 to $3.40 and set a "neutral" rating for the company in a research note on Friday. National Bank Financial raised TELUS Digital from a "sector perform" rating to an "outperform" rating in a report on Friday, May 9th. Finally, Scotiabank lowered their price target on shares of TELUS Digital from $5.00 to $3.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $4.01.
Check Out Our Latest Research Report on TELUS Digital
TELUS Digital Trading Up 0.7%
The stock's 50 day simple moving average is $2.69 and its 200 day simple moving average is $3.16. The firm has a market cap of $1.00 billion, a PE ratio of -10.39, a PEG ratio of 4.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95.
TELUS Digital (NYSE:TIXT - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The company had revenue of $647.04 million during the quarter, compared to the consensus estimate of $650.18 million. TELUS Digital had a negative net margin of 2.30% and a positive return on equity of 5.73%. On average, sell-side analysts forecast that TELUS Digital will post 0.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On TELUS Digital
A number of large investors have recently modified their holdings of TIXT. Blue Trust Inc. grew its position in TELUS Digital by 27.3% during the fourth quarter. Blue Trust Inc. now owns 28,560 shares of the company's stock valued at $112,000 after acquiring an additional 6,132 shares during the last quarter. Alberta Investment Management Corp purchased a new position in TELUS Digital in the 4th quarter worth $297,000. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in TELUS Digital by 17.5% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company's stock worth $220,000 after purchasing an additional 8,350 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in TELUS Digital by 52.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 241,896 shares of the company's stock valued at $950,000 after buying an additional 83,164 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its position in TELUS Digital by 1.2% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,189,850 shares of the company's stock valued at $12,522,000 after buying an additional 38,587 shares during the period. 59.55% of the stock is owned by hedge funds and other institutional investors.
TELUS Digital Company Profile
(
Get Free Report)
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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