TELUS Completes Full Acquisition of TELUS Digital, Enhancing AI and SaaS Capabilities

TELUS International (CDA) ( (TSE:TIXT) ) just unveiled an update.

TELUS Corporation has completed the acquisition of all outstanding shares of TELUS Digital, making it a wholly owned subsidiary. This strategic move is expected to enhance TELUS’s position as a global leader in AI-driven digital customer experiences and SaaS innovation, with anticipated operational efficiencies generating approximately $150 million annually. The acquisition, approved by TELUS Digital shareholders and sanctioned by the Supreme Court of British Columbia, is set to propel growth across TELUS’s telecommunications, health, agriculture, and consumer goods sectors.

The most recent analyst rating on (TSE:TIXT) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on TELUS International (CDA) stock, see the TSE:TIXT Stock Forecast page.

Spark’s Take on TSE:TIXT Stock

According to Spark, TipRanks’ AI Analyst, TSE:TIXT is a Neutral.

TELUS International’s stock score is primarily influenced by its financial performance challenges, including negative profitability and increased leverage. Despite these issues, the stock shows strong technical momentum, which partially offsets the financial concerns. However, the negative P/E ratio and lack of dividend yield weigh heavily on the valuation, resulting in a moderate overall score.

To see Spark’s full report on TSE:TIXT stock, click here.

More about TELUS International (CDA)

TELUS International (CDA) is a prominent player in the telecommunications industry, offering AI-powered digital customer experience solutions and SaaS transformation services. The company focuses on enhancing operations across various sectors, including health, agriculture, and consumer goods.

Average Trading Volume: 201,928

Technical Sentiment Signal: Hold

Current Market Cap: C$1.68B

See more insights into TIXT stock on TipRanks’ Stock Analysis page.