TeleTech (NASDAQ:TTEC) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of TeleTech (NASDAQ:TTEC) from a buy rating to a hold rating in a report published on Saturday morning.

A number of other brokerages also recently commented on TTEC. Barrington Research reiterated a “market perform” rating on shares of TeleTech in a report on Monday, August 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded TeleTech to a “hold” rating in a research note on Friday, August 8th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, TeleTech has an average rating of “Reduce” and a consensus target price of $3.50.

TeleTech Stock Performance

Shares of TTEC stock opened at $2.57 on Friday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market cap of $124.55 million, a PE ratio of -4.76, a P/E/G ratio of 0.36 and a beta of 1.22. TeleTech has a 1 year low of $2.49 and a 1 year high of $5.86. The stock has a fifty day moving average price of $3.51 and a 200 day moving average price of $4.22.

TeleTech (NASDAQ:TTEC) last released its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $519.14 million for the quarter, compared to analyst estimates of $497.92 million. TeleTech had a positive return on equity of 8.23% and a negative net margin of 1.20%. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. Sell-side analysts forecast that TeleTech will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TeleTech

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ purchased a new position in TeleTech during the 2nd quarter worth approximately $39,000. Harvest Management LLC bought a new position in TeleTech during the second quarter valued at about $48,000. AE Wealth Management LLC boosted its position in TeleTech by 27.1% during the first quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider’s stock worth $86,000 after purchasing an additional 5,560 shares during the period. XTX Topco Ltd acquired a new position in shares of TeleTech during the 1st quarter worth about $124,000. Finally, Cetera Investment Advisers acquired a new stake in TeleTech in the 2nd quarter worth $124,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

About TeleTech

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.