Zacks Upgrades Teletech Holdings to “Neutral” (TTEC)
Teletech Holdings (NASDAQ:TTEC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Wednesday, StockRatingsNetwork reports. The firm currently has a $24.50 price target on the stock. Zacks‘ target price would indicate a potential upside of 2.34% from the company’s current price.
Shares of Teletech Holdings (NASDAQ:TTEC) traded down 0.04% during mid-day trading on Wednesday, hitting $23.94. 121,893 shares of the company’s stock traded hands. Teletech Holdings has a one year low of $17.53 and a one year high of $27.07. The stock’s 50-day moving average is $24.74 and its 200-day moving average is $24.87. The company has a market cap of $1.207 billion and a price-to-earnings ratio of 18.67.
Teletech Holdings (NASDAQ:TTEC) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.06. The company had revenue of $297.00 million for the quarter, compared to the consensus estimate of $309.40 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis.
Separately, analysts at First Analysis downgraded shares of Teletech Holdings from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, November 1st.
TeleTech Holdings, Inc (NASDAQ:TTEC) is a global provider of customer experience strategy, technology and business process outsourcing (BPO) solutions.
To view Zacks’ full report, visit www.zacks.com
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