TTEC (NASDAQ:TTEC) Cut to Sell at StockNews.com

StockNews.com cut shares of TTEC (NASDAQ:TTEC) from a hold rating to a sell rating in a report released on Friday.

Several other research analysts have also weighed in on the company. Canaccord Genuity Group reduced their target price on TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Northland Securities reduced their target price on TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, Guggenheim upgraded TTEC from a “sell” rating to a “neutral” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.90.

TTEC Stock Performance

TTEC stock opened at $4.74 on Friday. The business’s 50-day moving average price is $5.06 and its two-hundred day moving average price is $5.83. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market cap of $226.24 million, a PE ratio of -0.68, a P/E/G ratio of 3.06 and a beta of 1.05. TTEC has a 1-year low of $3.67 and a 1-year high of $22.69.

Institutional Trading of TTEC

Several institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. increased its stake in shares of TTEC by 324.2% during the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after purchasing an additional 902,159 shares during the period. AQR Capital Management LLC boosted its holdings in shares of TTEC by 227.2% in the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock valued at $3,710,000 after purchasing an additional 438,072 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of TTEC by 77.6% in the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after purchasing an additional 344,496 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of TTEC in the 1st quarter valued at $2,910,000. Finally, Vanguard Group Inc. boosted its holdings in shares of TTEC by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock valued at $26,653,000 after purchasing an additional 160,567 shares in the last quarter. Institutional investors own 38.03% of the company’s stock.

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.