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

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

A number of research firms have weighed in on TTEC. William Blair downgraded TeleTech from an “outperform” rating to a “market perform” rating in a research report on Monday, November 10th. Zacks Research upgraded shares of TeleTech to a “hold” rating in a report on Friday, August 8th. Wall Street Zen lowered shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Barrington Research restated a “market perform” rating on shares of TeleTech in a research note on Monday, August 18th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On TeleTech

A number of institutional investors and hedge funds have recently made changes to their positions in TTEC. PharVision Advisers LLC bought a new position in shares of TeleTech in the third quarter valued at $297,000. Voleon Capital Management LP acquired a new stake in TeleTech in the third quarter valued at $353,000. Verition Fund Management LLC grew its position in shares of TeleTech by 60.9% in the 3rd quarter. Verition Fund Management LLC now owns 55,507 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 21,011 shares during the period. Quarry LP bought a new stake in shares of TeleTech in the 3rd quarter valued at about $56,000. Finally, Prelude Capital Management LLC raised its holdings in shares of TeleTech by 9.4% in the 3rd quarter. Prelude Capital Management LLC now owns 86,019 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 7,403 shares during the period. Institutional investors own 38.03% of the company’s stock.

TeleTech Price Performance

TTEC stock opened at $3.76 on Friday. The stock has a 50-day moving average price of $3.30 and a two-hundred day moving average price of $4.05. TeleTech has a 1 year low of $2.48 and a 1 year high of $5.86. The stock has a market cap of $182.55 million, a PE ratio of -9.89, a price-to-earnings-growth ratio of 0.41 and a beta of 1.09. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.14.

TeleTech (NASDAQ:TTEC) last posted its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $519.14 million for the quarter, compared to analyst estimates 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. Equities analysts forecast that TeleTech will post 0.33 EPS for the current fiscal year.

TeleTech 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.