TeleTech (NASDAQ:TTEC) Upgraded at Zacks Research

Zacks Research upgraded shares of TeleTech (NASDAQ:TTEC) from a strong sell rating to a hold rating in a research note published on Wednesday morning,Zacks reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, TeleTech has a consensus rating of “Reduce”.

TeleTech Trading Down 6.8%

Shares of TeleTech stock opened at $1.38 on Wednesday. The firm’s 50-day moving average price is $1.41 and its 200 day moving average price is $2.21. TeleTech has a twelve month low of $1.18 and a twelve month high of $3.98. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 9.41. The firm has a market capitalization of $68.03 million, a PE ratio of -0.32, a P/E/G ratio of 0.52 and a beta of 0.90.

TeleTech (NASDAQ:TTEC) last posted its quarterly earnings results on Monday, August 10th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). The business had revenue of $455.50 million during the quarter, compared to analysts’ expectations of $477.94 million. TeleTech had a negative net margin of 10.23% and a positive return on equity of 16.25%. TeleTech has set its FY 2026 guidance at 0.790-0.990 EPS. On average, sell-side analysts predict that TeleTech will post 0.60 EPS for the current fiscal year.

Institutional Investors Weigh In On TeleTech

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in shares of TeleTech in the first quarter valued at $87,000. Renaissance Technologies LLC increased its holdings in shares of TeleTech by 29.7% during the first quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider’s stock worth $142,000 after buying an additional 13,000 shares in the last quarter. Empowered Funds LLC grew its stake in shares of TeleTech by 125.3% in the 1st quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider’s stock valued at $318,000 after buying an additional 70,805 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of TeleTech by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider’s stock valued at $1,705,000 after buying an additional 91,167 shares during the period. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TeleTech Company Profile

TeleTech, now known as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.

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