Zacks: Analysts Set $41.00 Price Target for TeleTech Holdings, Inc. (TTEC)
TeleTech Holdings, Inc. (NASDAQ:TTEC) has received a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12 month consensus price target of $41.00 for the company and are anticipating that the company will post $0.60 EPS for the current quarter, according to Zacks. Zacks has also given TeleTech an industry rank of 30 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently commented on TTEC shares. Zacks Investment Research upgraded shares of TeleTech from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, November 14th. ValuEngine lowered shares of TeleTech from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks reiterated a “hold” rating and set a $43.00 price target on shares of TeleTech in a report on Monday, October 9th. Finally, BidaskClub lowered shares of TeleTech from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd.
TeleTech (NASDAQ:TTEC) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. TeleTech had a net margin of 3.45% and a return on equity of 19.24%. The company had revenue of $359.04 million during the quarter, compared to analyst estimates of $348.94 million. During the same period in the prior year, the business posted $0.39 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. analysts predict that TeleTech will post 1.75 earnings per share for the current year.
In other TeleTech news, SVP Steven C. Pollema sold 9,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 70.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in TeleTech by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,083,206 shares of the business services provider’s stock worth $84,995,000 after purchasing an additional 57,907 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in TeleTech by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,391,207 shares of the business services provider’s stock worth $56,761,000 after purchasing an additional 3,759 shares in the last quarter. Boston Partners raised its holdings in TeleTech by 1.4% in the 3rd quarter. Boston Partners now owns 1,288,735 shares of the business services provider’s stock worth $53,805,000 after purchasing an additional 18,028 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in TeleTech by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 348,253 shares of the business services provider’s stock worth $14,208,000 after purchasing an additional 5,272 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in TeleTech by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 336,946 shares of the business services provider’s stock worth $14,067,000 after purchasing an additional 30,680 shares in the last quarter. Institutional investors and hedge funds 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).
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