BidaskClub downgraded shares of TeleTech (NASDAQ:TTEC) from a hold rating to a sell rating in a research note released on Tuesday morning.

Several other analysts also recently weighed in on TTEC. Zacks Investment Research downgraded TeleTech from a buy rating to a hold rating in a research note on Saturday, August 19th. SunTrust Banks reaffirmed a hold rating and set a $43.00 target price on shares of TeleTech in a research note on Monday, October 9th. Finally, ValuEngine downgraded TeleTech from a buy rating to a hold rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. TeleTech has an average rating of Hold and a consensus target price of $43.50.

Shares of TeleTech (NASDAQ:TTEC) opened at $39.80 on Tuesday. The stock has a market capitalization of $1,827.09, a P/E ratio of 24.91, a P/E/G ratio of 2.28 and a beta of 0.89. TeleTech has a 1-year low of $28.20 and a 1-year high of $43.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.13 and a quick ratio of 2.13.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $359.04 million for the quarter, compared to the consensus estimate of $348.94 million. TeleTech had a return on equity of 19.24% and a net margin of 3.45%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. analysts forecast that TeleTech will post 1.75 earnings per share for the current year.

In other TeleTech news, SVP Steven C. Pollema sold 9,000 shares of TeleTech stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 70.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan raised its stake in TeleTech by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 160 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of TeleTech by 4.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,360 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 390 shares during the period. TD Asset Management Inc. increased its position in shares of TeleTech by 2.2% during the 2nd quarter. TD Asset Management Inc. now owns 23,600 shares of the business services provider’s stock valued at $963,000 after purchasing an additional 500 shares during the period. Voya Investment Management LLC increased its position in shares of TeleTech by 8.1% during the 2nd quarter. Voya Investment Management LLC now owns 10,136 shares of the business services provider’s stock valued at $414,000 after purchasing an additional 759 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of TeleTech by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 6,855 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 1,029 shares during the period. 24.88% of the stock is currently owned by hedge funds and other institutional investors.

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About TeleTech

TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).

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