TeleTech Holdings, Inc. (NASDAQ:TTEC) Receives Consensus Rating of “Reduce” from Analysts

TeleTech Holdings, Inc. (NASDAQ:TTEC) has received an average recommendation of “Reduce” from the five analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $3.50.

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, January 21st. William Blair cut TeleTech from an “outperform” rating to a “market perform” rating in a research note on Monday, November 10th. Finally, Wall Street Zen downgraded TeleTech from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th.

TeleTech Stock Performance

Shares of TTEC stock opened at $2.28 on Wednesday. The firm has a 50 day moving average of $3.23 and a two-hundred day moving average of $3.38. The stock has a market capitalization of $110.69 million, a PE ratio of -6.00, a P/E/G ratio of 0.22 and a beta of 1.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.14. TeleTech has a 52 week low of $2.12 and a 52 week high of $5.60.

Institutional Investors Weigh In On TeleTech

Hedge funds and other institutional investors have recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in shares of TeleTech during the 3rd quarter worth $35,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in TeleTech in the second quarter valued at $39,000. XTX Topco Ltd purchased a new stake in TeleTech during the 4th quarter worth about $43,000. Harvest Management LLC acquired a new position in shares of TeleTech during the 2nd quarter worth about $48,000. Finally, Quarry LP purchased a new position in shares of TeleTech in the 3rd quarter valued at about $56,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

About TeleTech

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.