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

Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) have been given a consensus recommendation of “Reduce” by the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.50.

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, William Blair downgraded shares of TeleTech from an “outperform” rating to a “market perform” rating in a report on Monday, November 10th.

TeleTech Stock Down 5.9%

TTEC stock opened at $2.22 on Wednesday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.75 and a current ratio of 1.75. TeleTech has a fifty-two week low of $2.12 and a fifty-two week high of $5.60. The stock’s 50 day simple moving average is $3.32 and its 200 day simple moving average is $3.40. The company has a market cap of $107.78 million, a P/E ratio of -5.84, a price-to-earnings-growth ratio of 0.23 and a beta of 1.07.

Hedge Funds Weigh In On TeleTech

Several hedge funds have recently bought and sold shares of TTEC. Federated Hermes Inc. increased its stake in TeleTech by 22.2% in the 4th quarter. Federated Hermes Inc. now owns 2,541,863 shares of the business services provider’s stock worth $9,151,000 after acquiring an additional 462,085 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in TeleTech by 43.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,957,328 shares of the business services provider’s stock worth $7,046,000 after purchasing an additional 597,218 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of TeleTech by 5.7% during the third quarter. Dimensional Fund Advisors LP now owns 707,181 shares of the business services provider’s stock valued at $2,376,000 after buying an additional 38,202 shares during the period. Two Sigma Investments LP raised its position in shares of TeleTech by 19.5% in the 3rd quarter. Two Sigma Investments LP now owns 574,809 shares of the business services provider’s stock worth $1,931,000 after acquiring an additional 93,978 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in TeleTech by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 565,274 shares of the business services provider’s stock worth $1,860,000 after purchasing an additional 22,247 shares in the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

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.