TeleTech (NASDAQ:TTEC) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of TeleTech (NASDAQ:TTEC) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

TTEC has been the topic of a number of other research reports. Wall Street Zen raised shares of TeleTech from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, January 21st. Finally, William Blair downgraded TeleTech from an “outperform” rating to a “market perform” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

TeleTech Stock Up 18.1%

Shares of NASDAQ:TTEC opened at $2.94 on Monday. The stock has a 50-day simple moving average of $2.93 and a 200-day simple moving average of $3.28. The stock has a market capitalization of $142.80 million, a P/E ratio of -0.74, a PEG ratio of 0.23 and a beta of 1.08. TeleTech has a 1 year low of $1.98 and a 1 year high of $5.60. The company has a debt-to-equity ratio of 8.02, a quick ratio of 1.89 and a current ratio of 1.89.

TeleTech (NASDAQ:TTEC) last posted its quarterly earnings results on Thursday, February 26th. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. The firm had revenue of $569.96 million for the quarter, compared to analyst estimates of $514.53 million. TeleTech had a negative net margin of 9.01% and a positive return on equity of 16.24%. TeleTech has set its FY 2026 guidance at 1.060-1.320 EPS. Equities analysts forecast that TeleTech will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in TeleTech during the 3rd quarter valued at $35,000. Skandinaviska Enskilda Banken AB publ acquired a new position in TeleTech in the 2nd quarter worth $39,000. XTX Topco Ltd purchased a new position in TeleTech in the 4th quarter valued at about $43,000. Harvest Management LLC acquired a new stake in shares of TeleTech during the second quarter valued at about $48,000. Finally, Quarry LP acquired a new stake in shares of TeleTech during the third quarter valued at about $56,000. 38.03% of the stock is 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.