Brokerages Set TELUS Digital (NYSE:TIXT) Target Price at $4.07

Shares of TELUS Digital (NYSE:TIXT) have received a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $4.07.

TIXT has been the topic of several analyst reports. Scotiabank dropped 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 research note on Tuesday, April 29th. BMO Capital Markets cut their target price on TELUS Digital from $4.50 to $3.00 and set a “market perform” rating on the stock in a research note on Monday, May 12th. National Bankshares cut their target price on 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. National Bank Financial raised TELUS Digital from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 9th. Finally, TD Securities upped their price objective on shares of TELUS Digital from $3.75 to $4.00 and gave the stock a “hold” rating in a report on Friday, February 14th.

TELUS Digital Stock Performance

Shares of TIXT opened at $2.66 on Wednesday. The business’s 50 day moving average is $2.59 and its two-hundred day moving average is $3.24. TELUS Digital has a 52-week low of $2.13 and a 52-week high of $6.86. The firm has a market cap of $731.85 million, a price-to-earnings ratio of -7.59, a PEG ratio of 4.71 and a beta of 0.72. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72.

TELUS Digital (NYSE:TIXT) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $647.04 million during the quarter, compared to analyst estimates of $650.18 million. TELUS Digital had a negative net margin of 2.30% and a positive return on equity of 5.73%. Analysts forecast that TELUS Digital will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On TELUS Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of TIXT. Aquatic Capital Management LLC bought a new stake in shares of TELUS Digital in the 4th quarter valued at about $37,000. Two Sigma Securities LLC bought a new stake in TELUS Digital in the fourth quarter valued at approximately $42,000. Bayesian Capital Management LP bought a new stake in TELUS Digital in the fourth quarter valued at approximately $45,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of TELUS Digital in the first quarter valued at approximately $58,000. Finally, PDT Partners LLC bought a new position in shares of TELUS Digital during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds 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.