TeleTech Holdings, Inc. (NASDAQ:TTEC) Given Consensus Rating of “Reduce” by Analysts

TeleTech Holdings, Inc. (NASDAQ:TTEC) has been assigned a consensus rating of “Reduce” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $3.50.

Several research analysts have commented on the stock. Barrington Research restated a “market perform” rating on shares of TeleTech in a research report on Monday, August 18th. William Blair lowered TeleTech from an “outperform” rating to a “market perform” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

TeleTech Stock Performance

Shares of TTEC stock opened at $3.68 on Friday. The company’s fifty day simple moving average is $3.32 and its 200-day simple moving average is $4.00. TeleTech has a 12 month low of $2.48 and a 12 month high of $5.79. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.14. The firm has a market cap of $178.66 million, a PE ratio of -9.68, a P/E/G ratio of 0.42 and a beta of 1.09.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). TeleTech had a negative net margin of 0.84% and a positive return on equity of 8.95%. The firm had revenue of $519.14 million during the quarter, compared to analyst estimates of $497.92 million. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. Equities research analysts expect that TeleTech will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On TeleTech

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in shares of TeleTech during the 2nd quarter valued at about $1,130,000. Robertson Stephens Wealth Management LLC bought a new position in shares of TeleTech in the 2nd quarter worth approximately $173,000. Charles Schwab Investment Management Inc. boosted its stake in TeleTech by 239.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider’s stock worth $2,077,000 after acquiring an additional 445,440 shares in the last quarter. Invesco Ltd. grew its stake in shares of TeleTech by 4.8% in the first quarter. Invesco Ltd. now owns 91,912 shares of the business services provider’s stock worth $302,000 after acquiring an additional 4,231 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of TeleTech during the second quarter valued at approximately $1,491,000. 38.03% of the stock is owned by institutional investors.

About TeleTech

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.