TTEC (NASDAQ:TTEC) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued to investors on Monday.
A number of other equities research analysts have also commented on the stock. BidaskClub lowered shares of TTEC from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of TTEC from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, ValuEngine lowered shares of TTEC from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $44.00.
Shares of TTEC (TTEC) opened at $35.00 on Monday. TTEC has a fifty-two week low of $28.20 and a fifty-two week high of $43.75. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.64. The company has a market cap of $1,733.10, a PE ratio of 205.89, a price-to-earnings-growth ratio of 1.87 and a beta of 0.90.
Hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new position in shares of TTEC in the 4th quarter valued at about $212,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of TTEC by 43.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,350 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 1,620 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of TTEC in the 4th quarter valued at about $223,000. MetLife Investment Advisors LLC bought a new position in shares of TTEC in the 4th quarter valued at about $297,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of TTEC by 33.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,859 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 1,979 shares during the last quarter. 25.58% of the stock is currently owned by institutional investors.
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TTEC Holdings, Inc, formerly TeleTech Holdings, Inc, 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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