TELUS Digital (NYSE:TIXT) Receives Consensus Rating of “Hold” from Analysts

TELUS Digital (NYSE:TIXT) has earned an average rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $4.01.

A number of equities analysts recently issued reports on TIXT shares. Barclays lowered their price target on TELUS Digital from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. CIBC lowered their price objective on TELUS Digital from $4.50 to $3.40 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets cut their price objective on TELUS Digital from $4.50 to $3.00 and set a “market perform” rating for the company in a research report on Monday, May 12th. Scotiabank reduced their price target on shares of TELUS Digital from $5.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 29th. Finally, National Bank Financial upgraded shares of TELUS Digital from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 9th.

TELUS Digital Stock Performance

Shares of TIXT stock opened at $3.61 on Friday. The stock’s 50-day moving average is $2.69 and its two-hundred day moving average is $3.16. The firm has a market cap of $993.72 million, a price-to-earnings ratio of -10.30, a PEG ratio of 4.71 and a beta of 0.80. TELUS Digital has a 1 year low of $2.13 and a 1 year high of $6.86. 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) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $647.04 million for the quarter, compared to analyst estimates of $650.18 million. TELUS Digital had a positive return on equity of 5.73% and a negative net margin of 2.30%. Analysts predict that TELUS Digital will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its position in shares of TELUS Digital by 1,347.7% during the 1st quarter. Acadian Asset Management LLC now owns 728,179 shares of the company’s stock worth $1,942,000 after purchasing an additional 677,879 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in TELUS Digital by 73.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 541,635 shares of the company’s stock valued at $1,457,000 after acquiring an additional 229,369 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in TELUS Digital in the 1st quarter valued at $58,000. Circumference Group LLC raised its holdings in TELUS Digital by 8.0% in the 1st quarter. Circumference Group LLC now owns 675,000 shares of the company’s stock valued at $1,816,000 after acquiring an additional 50,000 shares during the last quarter. Finally, PDT Partners LLC raised its holdings in TELUS Digital by 79.9% in the 1st quarter. PDT Partners LLC now owns 28,058 shares of the company’s stock valued at $75,000 after acquiring an additional 12,458 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.