TeleTech (NASDAQ:TTEC) Rating Lowered to Hold at Wall Street Zen

TeleTech (NASDAQ:TTEC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, October 8th. Zacks Research raised TeleTech to a “hold” rating in a research report on Friday, August 8th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of TeleTech in a report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $3.50.

TeleTech Price Performance

TeleTech stock opened at $2.72 on Friday. The stock has a 50-day moving average price of $3.54 and a two-hundred day moving average price of $4.23. TeleTech has a 12 month low of $2.49 and a 12 month high of $5.86. The company has a market capitalization of $131.82 million, a PE ratio of -5.04, a P/E/G ratio of 0.36 and a beta of 1.22. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.99.

TeleTech (NASDAQ:TTEC) last released its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $519.14 million for the quarter, compared to the consensus estimate of $497.92 million. TeleTech had a positive return on equity of 8.23% and a negative net margin of 1.20%. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. Analysts expect that TeleTech will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of TeleTech in the 2nd quarter valued at about $39,000. Harvest Management LLC bought a new stake in TeleTech in the second quarter worth approximately $48,000. Cetera Investment Advisers acquired a new position in TeleTech in the second quarter valued at approximately $124,000. AE Wealth Management LLC boosted its holdings in shares of TeleTech by 27.1% during the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider’s stock worth $86,000 after buying an additional 5,560 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in shares of TeleTech during the 2nd quarter worth approximately $173,000. 38.03% of the stock is owned by institutional investors.

TeleTech Company Profile

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.