Zacks: TeleTech Holdings, Inc. (TTEC) Receives Consensus Rating of “Buy” from Analysts

TeleTech Holdings, Inc. (NASDAQ:TTEC) has received an average broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12-month consensus price objective of $41.00 for the company and are expecting that the company will post $0.60 EPS for the current quarter, according to Zacks. Zacks has also assigned TeleTech an industry rank of 83 out of 265 based on the ratings given to related companies.

TTEC has been the topic of several recent analyst reports. BidaskClub lowered TeleTech from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. ValuEngine lowered TeleTech from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered TeleTech from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $43.00 price target on shares of TeleTech in a research note on Monday, October 9th.

In related news, SVP Steven C. Pollema sold 9,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 70.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TTEC. Goldman Sachs Group Inc. lifted its stake in TeleTech by 146.9% during the 2nd 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 in the last quarter. Vanguard Group Inc. lifted its stake in TeleTech by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,083,206 shares of the business services provider’s stock worth $84,995,000 after acquiring an additional 57,907 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in TeleTech during the 2nd quarter worth about $1,898,000. Alliancebernstein L.P. lifted its stake in TeleTech by 148.2% during the 2nd quarter. Alliancebernstein L.P. now owns 64,975 shares of the business services provider’s stock worth $2,651,000 after acquiring an additional 38,800 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in TeleTech by 64.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 96,962 shares of the business services provider’s stock worth $3,956,000 after acquiring an additional 37,840 shares in the last quarter. 24.80% of the stock is currently owned by hedge funds and other institutional investors.

TeleTech (TTEC) opened at $40.10 on Thursday. TeleTech has a 12 month low of $28.20 and a 12 month high of $43.75. The company has a market capitalization of $1,845.43, a price-to-earnings ratio of 38.19, a PEG ratio of 1.99 and a beta of 0.89. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.64.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings results 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 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 analyst estimates of $348.94 million. During the same quarter in the prior year, the company posted $0.39 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. sell-side analysts expect that TeleTech will post 1.75 earnings per share for the current year.

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About TeleTech

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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