TeleTech (NASDAQ:TTEC) Stock Moved Down to Strong Sell by Zacks Research

Zacks Research lowered shares of TeleTech (NASDAQ:TTEC) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks reports.

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

TeleTech Price Performance

TTEC stock opened at $1.46 on Tuesday. The business has a 50 day moving average price of $1.55 and a 200 day moving average price of $2.15. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 9.41. The stock has a market cap of $71.98 million, a price-to-earnings ratio of -0.34, a PEG ratio of 0.45 and a beta of 0.96. TeleTech has a fifty-two week low of $1.18 and a fifty-two week high of $3.98.

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

Institutional Investors Weigh In On TeleTech

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of TeleTech by 15.4% in 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 in the last quarter. Empowered Funds LLC boosted its holdings in TeleTech by 125.3% during the first quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider’s stock worth $318,000 after buying an additional 70,805 shares in the last quarter. Renaissance Technologies LLC grew its position in 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 during the period. Lazard Asset Management LLC acquired a new position in TeleTech during the first quarter worth about $87,000. Finally, Leonteq Securities AG purchased a new position in TeleTech in the first quarter valued at about $75,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

About TeleTech

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.