Telus Digital (NYSE:TIXT) Upgraded by Wall Street Zen to "Buy" Rating

Telus Digital (NYSE:TIXT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other brokerages also recently weighed in on TIXT. Barclays cut their target price on shares of 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. National Bank Financial raised shares of Telus Digital from a "sector perform" rating to an "outperform" rating in a report on Friday, May 9th. CIBC reduced their price target 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 Bankshares cut their price objective on shares of Telus Digital from $4.25 to $3.00 and set a "sector perform" rating on the stock in a research note on Friday, April 25th. Finally, BMO Capital Markets dropped their price target on shares of 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 equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $4.05.

Telus Digital Trading Up 2.3%

Shares of NYSE TIXT traded up $0.09 during mid-day trading on Friday, reaching $3.84. The company had a trading volume of 414,394 shares, compared to its average volume of 506,675. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. Telus Digital has a 52 week low of $2.13 and a 52 week high of $6.86. The business's 50-day moving average is $3.22 and its 200-day moving average is $3.14. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -7.83 and a beta of 0.90.

Telus Digital (NYSE:TIXT - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. The firm had revenue of $647.04 million for the quarter, compared to analysts' expectations of $650.18 million. Telus Digital had a negative net margin of 4.27% and a positive return on equity of 3.40%. 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 institutional investors and hedge funds have recently made changes to their positions in TIXT. Aquatic Capital Management LLC purchased a new stake in shares of Telus Digital during the fourth quarter valued at approximately $37,000. Two Sigma Securities LLC purchased a new position in Telus Digital during the fourth quarter worth about $42,000. Bayesian Capital Management LP purchased a new position in Telus Digital during the fourth quarter worth about $45,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Telus Digital in the 1st quarter worth about $58,000. Finally, PDT Partners LLC bought a new stake in shares of Telus Digital in the 4th quarter valued at about $61,000. Institutional investors own 59.55% of the company's stock.

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.