TeleTech Holdings, Inc. (NASDAQ:TTEC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $44.00 price target on the business services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 16.25% from the company’s previous close.

According to Zacks, “TeleTech Holdings, Inc. is a leading provider of eCommerce-enabling customer management solutions for large domestic, foreign and multinational companies. The company’s programs include both automated and human-assisted support and involve all stages of the customer relationship. Programs consist of a variety of customer management and product support activities, such as providing new product information, enrolling customers in client programs, providing 24-hour technical and help desk support and resolving customer complaints. “

Several other research firms have also commented on TTEC. SunTrust Banks, Inc. reissued a “hold” rating and issued a $43.00 price objective on shares of TeleTech Holdings in a research note on Monday, October 9th. BidaskClub downgraded shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th.

TeleTech Holdings (NASDAQ:TTEC) traded down $1.70 during midday trading on Tuesday, hitting $37.85. 140,400 shares of the stock traded hands, compared to its average volume of 93,789. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.64. TeleTech Holdings has a twelve month low of $24.59 and a twelve month high of $43.75. The stock has a market capitalization of $1,813.33, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91.

TeleTech Holdings (NASDAQ:TTEC) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. TeleTech Holdings had a net margin of 3.45% and a return on equity of 19.24%. The business had revenue of $359.04 million during the quarter, compared to analyst estimates of $348.94 million. During the same quarter last year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. analysts forecast that TeleTech Holdings will post 1.76 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/14/zacks-investment-research-upgrades-teletech-holdings-inc-ttec-to-buy.html.

A number of institutional investors have recently modified their holdings of TTEC. Vanguard Group Inc. lifted its stake in TeleTech Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,025,299 shares of the business services provider’s stock worth $59,949,000 after acquiring an additional 105,580 shares during the last quarter. Smith Asset Management Group LP purchased a new position in TeleTech Holdings in the second quarter worth approximately $3,153,000. Goldman Sachs Group Inc. lifted its stake in TeleTech Holdings by 146.9% in the second quarter. Goldman Sachs Group Inc. now owns 127,711 shares of the business services provider’s stock worth $5,211,000 after acquiring an additional 75,993 shares during the last quarter. Acadian Asset Management LLC lifted its stake in TeleTech Holdings by 1,138.5% in the second quarter. Acadian Asset Management LLC now owns 52,810 shares of the business services provider’s stock worth $2,155,000 after acquiring an additional 48,546 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in TeleTech Holdings during the second quarter worth approximately $1,898,000. Institutional investors own 25.72% of the company’s stock.

About TeleTech Holdings

TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).

Get a free copy of the Zacks research report on TeleTech Holdings (TTEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.