TeleTech (NASDAQ:TTEC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

TeleTech Holdings, Inc. (NASDAQ:TTEC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.57 and traded as high as $2.63. TeleTech shares last traded at $2.60, with a volume of 208,065 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on TTEC shares. Wall Street Zen downgraded TeleTech from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of TeleTech from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

TeleTech Stock Performance

The company has a fifty day moving average of $2.26 and a two-hundred day moving average of $2.57. The firm has a market capitalization of $126.52 million, a price-to-earnings ratio of -0.62, a PEG ratio of 0.36 and a beta of 1.03. The company has a debt-to-equity ratio of 8.74, a quick ratio of 2.01 and a current ratio of 2.01.

TeleTech (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). The firm had revenue of $496.18 million during the quarter, compared to analyst estimates of $493.69 million. TeleTech had a negative net margin of 9.60% and a positive return on equity of 15.66%. As a group, equities research analysts predict that TeleTech Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TeleTech

A number of hedge funds have recently bought and sold shares of TTEC. Chancellor Financial Group WB LP lifted its position in shares of TeleTech by 12.9% during the 4th quarter. Chancellor Financial Group WB LP now owns 32,390 shares of the business services provider’s stock worth $117,000 after buying an additional 3,700 shares in the last quarter. Engineers Gate Manager LP boosted its position in TeleTech by 8.7% in the second quarter. Engineers Gate Manager LP now owns 56,826 shares of the business services provider’s stock worth $273,000 after purchasing an additional 4,532 shares during the last quarter. Empowered Funds LLC boosted its position in TeleTech by 10.6% in the fourth quarter. Empowered Funds LLC now owns 56,499 shares of the business services provider’s stock worth $203,000 after purchasing an additional 5,402 shares during the last quarter. Jain Global LLC grew its stake in TeleTech by 44.1% in the 4th quarter. Jain Global LLC now owns 17,970 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 5,498 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of TeleTech by 48.2% during the 4th quarter. Wells Fargo & Company MN now owns 22,621 shares of the business services provider’s stock worth $81,000 after purchasing an additional 7,358 shares during the period. 38.03% of the stock is owned by institutional investors.

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.