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

Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) have received an average recommendation of “Reduce” from the five analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $3.50.

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

TeleTech Price Performance

Shares of TeleTech stock opened at $3.46 on Friday. The stock has a market cap of $167.98 million, a P/E ratio of -9.11, a P/E/G ratio of 0.33 and a beta of 1.05. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.75 and a current ratio of 1.75. The stock’s fifty day moving average is $3.44 and its 200 day moving average is $3.67. TeleTech has a one year low of $2.48 and a one year high of $5.60.

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

Institutional Trading of TeleTech

Several institutional investors have recently made changes to their positions in TTEC. PharVision Advisers LLC purchased a new position in TeleTech in the 3rd quarter worth approximately $297,000. Voleon Capital Management LP purchased a new stake in TeleTech during the 3rd quarter valued at approximately $353,000. Verition Fund Management LLC raised its position in shares of TeleTech by 60.9% during the third quarter. Verition Fund Management LLC now owns 55,507 shares of the business services provider’s stock valued at $187,000 after buying an additional 21,011 shares during the last quarter. Quarry LP purchased a new position in shares of TeleTech in the third quarter worth $56,000. Finally, Prelude Capital Management LLC boosted its position in shares of TeleTech by 9.4% during the third quarter. Prelude Capital Management LLC now owns 86,019 shares of the business services provider’s stock worth $289,000 after acquiring an additional 7,403 shares during the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

About TeleTech

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.