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TELUS International (CDA) ( (TSE:TIXT) ) has shared an update.
TELUS Digital has received a non-binding proposal from TELUS Corporation to acquire all outstanding shares not already owned by the corporation for US$3.40 per share. The proposal is contingent upon several conditions, including due diligence and shareholder approval. TELUS Digital’s board plans to form a special committee to review the proposal, but no decisions have been made yet, and shareholders are advised that no action is required at this time.
The most recent analyst rating on (TSE:TIXT) stock is a Hold with a C$7.00 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 and technical analysis. Strong cash flow and a solid equity base are offset by challenges in profitability and revenue growth. Technical indicators suggest mixed signals with short-term bullish momentum but longer-term bearish sentiment. Valuation is a concern due to negative earnings and no dividend yield, while the earnings call presents a balanced outlook with some growth opportunities and existing financial risks.
To see Spark’s full report on TSE:TIXT stock, click here.
More about TELUS International (CDA)
TELUS Digital is a global technology company that specializes in crafting digital customer experiences and driving digital transformations. They offer a range of services including customer experience management, cloud solutions, AI-fueled automation, digital design, consulting services, and AI & data solutions. Their proprietary platform, Fuel iX, helps clients manage AI across enterprises, emphasizing responsible technology deployment and community impact.
Average Trading Volume: 208,825
Technical Sentiment Signal: Sell
Current Market Cap: C$1.09B
Learn more about TIXT stock on TipRanks’ Stock Analysis page.