TeleTech Holdings, Inc. (NASDAQ:TTEC) Receives Average Rating of “Reduce” from Brokerages

Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) have been assigned an average rating of “Reduce” from the five research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $3.50.

TTEC has been the subject of a number of analyst reports. Wall Street Zen lowered shares of TeleTech from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. William Blair downgraded TeleTech from an “outperform” rating to a “market perform” rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, October 8th.

TeleTech Stock Down 4.8%

Shares of NASDAQ:TTEC opened at $3.40 on Tuesday. 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 company has a market capitalization of $165.07 million, a P/E ratio of -8.95, a P/E/G ratio of 0.41 and a beta of 1.09. TeleTech has a 52-week low of $2.48 and a 52-week high of $5.60. The stock’s fifty day simple moving average is $3.35 and its 200-day simple moving average is $3.87.

TeleTech (NASDAQ:TTEC) last posted its quarterly earnings data 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). The company had revenue of $519.14 million for the quarter, compared to analysts’ expectations of $497.92 million. TeleTech had a positive return on equity of 8.95% and a negative net margin of 0.84%.TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. As a group, equities research analysts forecast that TeleTech will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of TeleTech

Hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new position in shares of TeleTech during the 3rd quarter valued at about $35,000. Skandinaviska Enskilda Banken AB publ acquired a new position in TeleTech during the second quarter worth approximately $39,000. Harvest Management LLC purchased a new position in TeleTech during the second quarter worth approximately $48,000. Quarry LP acquired a new position in shares of TeleTech in the 3rd quarter valued at $56,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of TeleTech during the 3rd quarter valued at $74,000. 38.03% of the stock is owned by institutional investors and hedge funds.

TeleTech Company Profile

TTEC Holdings, Inc (NASDAQ: TTEC) is a global customer experience technology and services company that designs, builds and delivers transformative solutions for customer acquisition and engagement. Leveraging a combination of digital consulting, technology, analytics and operations services, TTEC helps clients across industries enhance their customer journeys, automate key processes and harness data-driven insights to foster loyalty and drive revenue growth.

The company’s core offerings span end-to-end customer engagement solutions, including customer experience (CX) strategy consulting, cloud migration, omni-channel contact center operations and managed services.