TeleTech (NASDAQ:TTEC) Rating Lowered to “Strong Sell” at Zacks Research

TeleTech (NASDAQ:TTEC) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeleTech in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Sell”.

TeleTech Stock Performance

Shares of NASDAQ TTEC opened at $1.46 on Tuesday. TeleTech has a 1 year low of $1.18 and a 1 year high of $3.98. The firm has a market cap of $71.98 million, a P/E ratio of -0.34, a PEG ratio of 0.45 and a beta of 0.96. The stock has a fifty day moving average price of $1.55 and a two-hundred day moving average price of $2.15. The company has a debt-to-equity ratio of 9.41, a quick ratio of 1.87 and a current ratio of 1.87.

TeleTech (NASDAQ:TTEC) last posted its quarterly earnings data on Monday, August 10th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). The firm had revenue of $455.50 million during the quarter, compared to the consensus estimate of $477.94 million. TeleTech had a positive return on equity of 16.25% and a negative net margin of 10.23%.TeleTech has set its FY 2026 guidance at 0.790-0.990 EPS. Research analysts forecast that TeleTech will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in TeleTech by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider’s stock valued at $1,705,000 after purchasing an additional 91,167 shares during the last quarter. Empowered Funds LLC grew its position in TeleTech by 125.3% in the 1st quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider’s stock worth $318,000 after purchasing an additional 70,805 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in TeleTech in the 1st quarter worth $87,000. Leonteq Securities AG bought a new position in shares of TeleTech during the 1st quarter worth about $75,000. Finally, Renaissance Technologies LLC increased its holdings in shares of TeleTech by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider’s stock worth $142,000 after purchasing an additional 13,000 shares during the period. 38.03% of the stock is owned by hedge funds and other institutional investors.

TeleTech Company Profile

TeleTech, operating as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company headquartered in Denver, Colorado. The company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales, revenue growth, back-office operations, trust and safety, consulting, analytics and artificial intelligence. Its technology offerings support cloud-based customer experience management, automation, customer relationship management and other digital engagement activities.

The company serves clients across industries including communications, financial services, healthcare, retail, travel and hospitality, technology and the public sector.