TeleTech (NASDAQ:TTEC) Upgraded by Zacks Research to Strong-Buy Rating

TeleTech (NASDAQ:TTEC) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also issued reports on TTEC. William Blair lowered shares of TeleTech from an “outperform” rating to a “market perform” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised TeleTech from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, TeleTech has a consensus rating of “Hold”.

TeleTech Trading Up 18.1%

NASDAQ TTEC opened at $2.94 on Monday. The firm has a market capitalization of $142.80 million, a price-to-earnings ratio of -0.74, a PEG ratio of 0.23 and a beta of 1.08. The company has a debt-to-equity ratio of 8.02, a quick ratio of 1.89 and a current ratio of 1.89. TeleTech has a one year low of $1.98 and a one year high of $5.60. The company’s 50 day moving average price is $2.93 and its 200 day moving average price is $3.28.

TeleTech (NASDAQ:TTEC) last released its quarterly earnings data on Thursday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.08. The company had revenue of $569.96 million during the quarter, compared to the consensus estimate of $514.53 million. TeleTech had a negative net margin of 9.01% and a positive return on equity of 16.24%. TeleTech has set its FY 2026 guidance at 1.060-1.320 EPS. On average, sell-side analysts predict that TeleTech will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of TeleTech by 43.9% during 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 buying an additional 597,218 shares during the period. Federated Hermes Inc. raised its stake in TeleTech by 22.2% during the 4th quarter. Federated Hermes Inc. now owns 2,541,863 shares of the business services provider’s stock valued at $9,151,000 after acquiring an additional 462,085 shares in the last quarter. GSA Capital Partners LLP raised its stake in TeleTech by 800.7% during the 3rd quarter. GSA Capital Partners LLP now owns 358,377 shares of the business services provider’s stock valued at $1,204,000 after acquiring an additional 318,589 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in TeleTech during the 2nd quarter worth $1,491,000. Finally, Russell Investments Group Ltd. bought a new position in shares of TeleTech in the third quarter worth $404,000. 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.