TTEC (NASDAQ:TTEC) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of TTEC (NASDAQ:TTECGet Rating) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Several other research firms also recently commented on TTEC. Cowen decreased their target price on TTEC to $62.00 in a research report on Monday, August 15th. Craig Hallum decreased their target price on TTEC from $100.00 to $85.00 in a research report on Thursday, August 11th. Canaccord Genuity Group decreased their target price on TTEC from $120.00 to $100.00 in a research report on Thursday, August 25th. Barrington Research decreased their target price on TTEC from $100.00 to $73.00 and set an outperform rating on the stock in a research report on Thursday, August 11th. Finally, Morgan Stanley decreased their target price on TTEC from $60.00 to $50.00 and set an underweight rating on the stock in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $74.00.

TTEC Price Performance

Shares of NASDAQ TTEC opened at $47.15 on Wednesday. The business’s 50 day moving average price is $60.14 and its two-hundred day moving average price is $68.10. The company has a market cap of $2.23 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.69. TTEC has a twelve month low of $46.36 and a twelve month high of $103.65.

TTEC (NASDAQ:TTECGet Rating) last announced its quarterly earnings results on Tuesday, August 9th. The business services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The firm had revenue of $604.30 million for the quarter, compared to the consensus estimate of $602.00 million. TTEC had a return on equity of 24.99% and a net margin of 4.28%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. On average, analysts predict that TTEC will post 3.27 EPS for the current year.

Institutional Investors Weigh In On TTEC

Several institutional investors have recently made changes to their positions in TTEC. Benjamin Edwards Inc. bought a new stake in shares of TTEC in the first quarter valued at approximately $29,000. C M Bidwell & Associates Ltd. bought a new stake in TTEC during the second quarter worth $72,000. Lazard Asset Management LLC lifted its stake in TTEC by 102.1% during the second quarter. Lazard Asset Management LLC now owns 1,277 shares of the business services provider’s stock worth $86,000 after purchasing an additional 645 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in TTEC by 1,820.5% during the second quarter. First Horizon Advisors Inc. now owns 1,402 shares of the business services provider’s stock worth $94,000 after purchasing an additional 1,329 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in TTEC by 100.5% during the first quarter. AdvisorNet Financial Inc now owns 1,203 shares of the business services provider’s stock worth $99,000 after purchasing an additional 603 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors.

About TTEC

(Get Rating)

TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.

See Also

Receive News & Ratings for TTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTEC and related companies with MarketBeat.com's FREE daily email newsletter.