TeleTech (TTEC) Downgraded by ValuEngine

TeleTech (NASDAQ:TTEC) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded TeleTech from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks restated a “hold” rating and set a $43.00 target price on shares of TeleTech in a research report on Monday, October 9th. Finally, BidaskClub downgraded TeleTech from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Four research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $43.50.

TeleTech (NASDAQ TTEC) opened at $40.25 on Friday. TeleTech has a 12 month low of $28.15 and a 12 month high of $43.75. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1,856.89, a P/E ratio of 25.31, a P/E/G ratio of 2.31 and a beta of 0.89.

TeleTech (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 consensus estimate of $0.38. TeleTech had a return on equity of 19.24% and a net margin of 3.45%. The business had revenue of $359.04 million for the quarter, compared to the consensus estimate of $348.94 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. TeleTech’s revenue for the quarter was up 14.8% on a year-over-year basis. equities analysts expect that TeleTech will post 1.75 EPS for the current year.

In related news, SVP Steven C. Pollema sold 9,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 70.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of TeleTech 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 buying an additional 75,993 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of TeleTech in the second quarter worth $274,000. Schwab Charles Investment Management Inc. raised its position in shares of TeleTech by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 83,442 shares of the business services provider’s stock worth $2,470,000 after buying an additional 4,251 shares in the last quarter. Gotham Asset Management LLC bought a new position in TeleTech in the second quarter valued at $807,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in TeleTech in the second quarter valued at $1,051,000. Institutional investors own 24.88% of the company’s stock.

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TeleTech Company Profile

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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