Inside the Market’s roundup of some of today’s key analyst actions

National Bank Financial analyst Richard Tse moved his rating for Telus International (Cda) Inc. ( TIXT-N , TIXT-T ) to “tender” from “sector perform” following Monday’s announcement Telus Inc. ( T-T ) has signed a definitive agreement to take back control of its affiliate.

The Vancouver-based telecom will acquire all outstanding multiple and subordinate shares of the company, also known as Telus Digital, which offers technology outsourcing, for US$539-million or US$4.50 a share.

“The potential transaction represents an enterprise value of approximately US$2.9-billion ($1.3-billion equity value) and represents a valuation of 6.6 times EV/EBITDA (6.3 times EV/EBITDA including SBC) on our FY25 estimates,” said M

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