TELUS to Acquire Full Ownership of TELUS Digital for $539 Million

TELUS International (CDA) ( (TSE:TIXT) ) has shared an announcement.

TELUS Corporation has announced a definitive agreement to acquire full ownership of TELUS Digital by purchasing all outstanding shares for US$4.50 per share, totaling US$539 million. This acquisition aims to integrate TELUS Digital’s capabilities in AI and SaaS transformation with TELUS’s operations, enhancing services across telecommunications, health, agriculture, and consumer goods sectors. The transaction is expected to accelerate global growth in key verticals and deliver significant value to shareholders, with the Special Committee of TELUS Digital endorsing the deal as beneficial for minority shareholders.

The most recent analyst rating on (TSE:TIXT) stock is a Hold with a C$5.50 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 impacted by financial performance challenges, including negative profitability and increased leverage. Technical analysis shows moderate strength, but valuation remains unattractive due to a negative P/E ratio. The earnings call highlighted some growth areas, but financial challenges persist.

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

More about TELUS International (CDA)

TELUS International (CDA) operates in the telecommunications industry, focusing on digital customer experience solutions and AI innovations. It serves various sectors, including telecommunications, health, agriculture, and consumer goods, aiming to enhance AI and SaaS transformation globally.

Average Trading Volume: 257,931

Technical Sentiment Signal: Sell

Current Market Cap: C$1.47B

For detailed information about TIXT stock, go to TipRanks’ Stock Analysis page.