TeleTech (NASDAQ:TTEC) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of TeleTech (NASDAQ:TTEC) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on TTEC. Wall Street Zen lowered TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

TeleTech Trading Down 11.4%

NASDAQ TTEC opened at $2.71 on Thursday. TeleTech has a 1-year low of $1.98 and a 1-year high of $5.60. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 8.02. The stock has a 50-day moving average of $2.73 and a 200-day moving average of $3.05. The firm has a market cap of $131.73 million, a PE ratio of -0.65, a price-to-earnings-growth ratio of 0.42 and a beta of 1.04.

TeleTech (NASDAQ:TTEC) last released its earnings results on Thursday, May 7th. The business services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). TeleTech had a negative net margin of 9.60% and a positive return on equity of 13.48%. The company had revenue of $496.18 million during the quarter, compared to the consensus estimate of $493.69 million. TeleTech has set its FY 2026 guidance at 1.060-1.320 EPS. As a group, sell-side analysts forecast that TeleTech will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. increased its holdings in TeleTech by 22.2% during the 4th quarter. Federated Hermes Inc. now owns 2,541,863 shares of the business services provider’s stock valued at $9,151,000 after purchasing an additional 462,085 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in TeleTech by 43.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,957,328 shares of the business services provider’s stock valued at $7,046,000 after purchasing an additional 597,218 shares during the period. Dimensional Fund Advisors LP increased its holdings in TeleTech by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 707,181 shares of the business services provider’s stock valued at $2,376,000 after purchasing an additional 38,202 shares during the period. Two Sigma Investments LP increased its holdings in TeleTech by 19.5% during the 3rd quarter. Two Sigma Investments LP now owns 574,809 shares of the business services provider’s stock valued at $1,931,000 after purchasing an additional 93,978 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in TeleTech by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 565,274 shares of the business services provider’s stock valued at $1,860,000 after purchasing an additional 22,247 shares during the period. Hedge funds and other institutional investors own 38.03% of the company’s stock.

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.