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TELUS International (CDA) ( (TSE:TIXT) ) has provided an update.
TELUS International (CDA) has announced the filing of its management information circular and the receipt of an interim order from the Supreme Court of British Columbia concerning a proposed arrangement with TELUS Corporation. The arrangement, which offers a 52% premium over the unaffected share price, is valued at $539 million and provides multiple consideration options for shareholders. The independent Special Committee has unanimously recommended the arrangement, citing immediate and long-term value for shareholders and enhanced capabilities for TELUS’ business sectors. The transaction has strong support from TELUS Digital’s largest minority shareholder, EQT, which holds a significant portion of the company’s shares.
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) operates in the digital services industry, providing advanced technology solutions including AI and SaaS capabilities. The company focuses on enhancing telecommunications, health, agriculture, and consumer goods sectors, while also expanding its global presence in financial technology, gaming, communications, media, and health industries.
Average Trading Volume: 244,221
Technical Sentiment Signal: Sell
Current Market Cap: C$1.7B
For detailed information about TIXT stock, go to TipRanks’ Stock Analysis page.