TTEC Holdings, Inc. (NASDAQ:TTEC) Given Average Rating of “Hold” by Analysts

TTEC Holdings, Inc. (NASDAQ:TTEC) has been assigned an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $11.90.

A number of equities analysts have recently issued reports on TTEC shares. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st.

Hedge Funds Weigh In On TTEC

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of TTEC during the third quarter worth approximately $59,000. GAMMA Investing LLC raised its position in TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 11,717 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in TTEC in the second quarter worth $72,000. Magnetar Financial LLC bought a new stake in shares of TTEC during the second quarter worth $80,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of TTEC in the third quarter valued at $121,000. 38.03% of the stock is owned by institutional investors.

TTEC Stock Performance

TTEC opened at $3.97 on Monday. TTEC has a 12-month low of $3.67 and a 12-month high of $22.66. The firm has a market capitalization of $189.49 million, a P/E ratio of -0.57, a price-to-earnings-growth ratio of 1.60 and a beta of 1.06. The stock’s 50 day moving average price is $4.78 and its two-hundred day moving average price is $5.23. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47.

About TTEC

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.