Zacks Research Upgrades TeleTech (NASDAQ:TTEC) to “Hold”

TeleTech (NASDAQ:TTEC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

TeleTech Stock Down 3.3%

Shares of NASDAQ:TTEC opened at $1.48 on Wednesday. The stock’s 50-day moving average price is $1.41 and its 200-day moving average price is $2.22. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 9.41. TeleTech has a 12-month low of $1.18 and a 12-month high of $3.98. The stock has a market capitalization of $72.96 million, a P/E ratio of 2.83, a price-to-earnings-growth ratio of 0.51 and a beta of 0.90.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings data on Monday, August 10th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.20). TeleTech had a negative net margin of 10.23% and a positive return on equity of 16.25%. The company had revenue of $455.50 million during the quarter, compared to the consensus estimate of $477.94 million. TeleTech has set its FY 2026 guidance at 0.790-0.990 EPS. On average, equities analysts anticipate that TeleTech will post 0.60 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its holdings in shares of TeleTech by 125.3% during the first quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 70,805 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of TeleTech during the first quarter valued at $87,000. Renaissance Technologies LLC boosted its holdings in shares of TeleTech by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in TeleTech by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider’s stock worth $1,705,000 after purchasing an additional 91,167 shares during the last quarter. 38.03% of the stock is owned by hedge funds and other institutional investors.

TeleTech Company Profile

TeleTech, now known as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.

The company serves clients across industries including financial services, healthcare, communications, retail, travel and hospitality, automotive, and the public sector.