TTEC (TTEC) Raised to Sell at BidaskClub
TTEC (NASDAQ:TTEC) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of TTEC from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. ValuEngine lowered shares of TTEC from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company presently has an average rating of “Sell” and an average target price of $41.00.
Shares of TTEC stock opened at $26.65 on Friday. TTEC has a 1 year low of $23.50 and a 1 year high of $43.75. The company has a market cap of $1.23 billion, a PE ratio of 15.77, a P/E/G ratio of 2.07 and a beta of 0.80. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.87.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new position in TTEC in the second quarter valued at approximately $143,000. Capital Impact Advisors LLC lifted its holdings in TTEC by 28.4% in the second quarter. Capital Impact Advisors LLC now owns 50,444 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 11,154 shares during the period. Prudential Financial Inc. lifted its holdings in TTEC by 35.6% in the first quarter. Prudential Financial Inc. now owns 40,169 shares of the business services provider’s stock valued at $1,233,000 after buying an additional 10,550 shares during the period. Piedmont Investment Advisors LLC acquired a new position in TTEC in the second quarter valued at approximately $115,000. Finally, Louisiana State Employees Retirement System acquired a new position in TTEC in the second quarter valued at approximately $221,000. Institutional investors and hedge funds own 24.71% of the company’s stock.
TTEC Company Profile
TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.
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