Telus Digital (NYSE:TIXT) Trading 2.6% Higher - What's Next?

Telus Digital (NYSE:TIXT - Get Free Report)'s stock price traded up 2.6% on Tuesday . The company traded as high as $3.97 and last traded at $3.89. 920,394 shares were traded during trading, an increase of 83% from the average session volume of 502,295 shares. The stock had previously closed at $3.79.

Analyst Ratings Changes

Several equities analysts have weighed in on TIXT shares. National Bank Financial upgraded Telus Digital from a "sector perform" rating to an "outperform" rating in a report on Friday, May 9th. Scotiabank increased their target price on Telus Digital from $3.00 to $3.40 and gave the stock a "sector perform" rating in a research note on Tuesday, June 17th. National Bankshares lowered their price target on Telus Digital from $4.25 to $3.00 and set a "sector perform" rating for the company in a report on Friday, April 25th. CIBC cut their price target on Telus Digital from $4.50 to $3.40 and set a "neutral" rating on the stock in a research note on Friday, June 13th. Finally, BMO Capital Markets dropped their target price on Telus Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a research report on Monday, May 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $4.05.

Telus Digital Stock Up 0.8%

The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -7.92, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.86. The business has a fifty day moving average price of $3.17 and a two-hundred day moving average price of $3.15.

Telus Digital (NYSE:TIXT - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Telus Digital had a negative net margin of 4.27% and a positive return on equity of 3.40%. The company had revenue of $647.04 million for the quarter, compared to the consensus estimate of $650.18 million. On average, equities analysts expect that Telus Digital will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On Telus Digital

Several hedge funds have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC acquired a new position in shares of Telus Digital in the 4th quarter valued at about $37,000. Two Sigma Securities LLC purchased a new position in Telus Digital during the fourth quarter valued at approximately $42,000. Bayesian Capital Management LP acquired a new stake in shares of Telus Digital during the 4th quarter worth approximately $45,000. PDT Partners LLC purchased a new position in shares of Telus Digital during the 4th quarter valued at approximately $61,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Telus Digital in the 1st quarter valued at $58,000. 59.55% of the stock is owned by hedge funds and other institutional investors.

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.