TeleTech Holdings, Inc. (NASDAQ:TTEC) Given Consensus Recommendation of “Reduce” by Analysts

TeleTech Holdings, Inc. (NASDAQ:TTEC) has been given an average recommendation of “Reduce” by the five ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $3.50.

Several research analysts have issued reports on the company. William Blair cut TeleTech from an “outperform” rating to a “market perform” rating in a research report on Monday, November 10th. Wall Street Zen cut shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On TeleTech

Several institutional investors have recently modified their holdings of TTEC. Skandinaviska Enskilda Banken AB publ purchased a new position in TeleTech in the 2nd quarter valued at approximately $39,000. Harvest Management LLC acquired a new stake in TeleTech in the second quarter valued at $48,000. Intech Investment Management LLC purchased a new position in shares of TeleTech in the third quarter valued at $35,000. Quarry LP acquired a new position in shares of TeleTech during the 3rd quarter worth $56,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of TeleTech in the 3rd quarter worth about $74,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TeleTech Trading Down 0.6%

Shares of TeleTech stock opened at $3.19 on Friday. The firm has a market cap of $154.87 million, a price-to-earnings ratio of -8.39, a price-to-earnings-growth ratio of 0.31 and a beta of 1.05. TeleTech has a 52-week low of $2.48 and a 52-week high of $5.60. The company’s 50-day simple moving average is $3.50 and its 200-day simple moving average is $3.61. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.14.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). TeleTech had a negative net margin of 0.84% and a positive return on equity of 8.95%. The firm had revenue of $519.14 million during the quarter, compared to analyst estimates of $497.92 million. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. As a group, equities research analysts anticipate that TeleTech will post 0.33 earnings per share for the current year.

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.