TTEC (NASDAQ:TTEC) Downgraded by StockNews.com

StockNews.com downgraded shares of TTEC (NASDAQ:TTEC) from a hold rating to a sell rating in a report published on Friday morning.

TTEC has been the subject of a number of other research reports. Northland Securities lowered their price objective on shares of TTEC from $19.00 to $16.00 and set an outperform rating for the company in a research report on Tuesday, August 13th. Canaccord Genuity Group lowered their price objective on shares of TTEC from $8.00 to $4.50 and set a hold rating for the company in a research report on Tuesday, August 13th. Finally, Craig Hallum lowered their price objective on shares of TTEC from $18.00 to $13.00 and set a buy rating for the company in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $11.90.

TTEC Stock Down 4.9 %

Shares of NASDAQ TTEC opened at $4.23 on Friday. The company has a 50 day simple moving average of $5.84 and a 200-day simple moving average of $7.78. The company has a market capitalization of $201.86 million, a P/E ratio of -17.35, a P/E/G ratio of 2.51 and a beta of 1.04. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56. TTEC has a 1 year low of $3.71 and a 1 year high of $28.38.

TTEC (NASDAQ:TTEC) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The company had revenue of $534.09 million for the quarter, compared to analysts’ expectations of $554.67 million. TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. On average, equities research analysts predict that TTEC will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On TTEC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEC. Quadrant Capital Group LLC boosted its position in TTEC by 128.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,607 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of TTEC in the 2nd quarter valued at $72,000. Nisa Investment Advisors LLC raised its holdings in shares of TTEC by 280.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 9,809 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of TTEC in the 2nd quarter valued at $80,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of TTEC in the 1st quarter valued at $86,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TTEC Company Profile

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.