TTEC Holdings, Inc. (NASDAQ:TTEC) Given Average Recommendation of “Hold” by Analysts

TTEC Holdings, Inc. (NASDAQ:TTECGet Free Report) has received an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.60.

A number of research firms have recently issued reports on TTEC. Canaccord Genuity Group dropped their price target on TTEC from $13.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. Guggenheim began coverage on TTEC in a research note on Tuesday, March 19th. They issued a “sell” rating and a $8.00 price target on the stock. Canaccord Genuity Group downgraded TTEC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Barrington Research downgraded TTEC from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Finally, Craig Hallum dropped their price target on TTEC from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 10th.

Check Out Our Latest Report on TTEC

TTEC Stock Performance

Shares of TTEC opened at $6.28 on Friday. The business’s fifty day simple moving average is $7.97 and its two-hundred day simple moving average is $14.70. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.56. TTEC has a 12 month low of $5.94 and a 12 month high of $36.27. The company has a market cap of $298.68 million, a price-to-earnings ratio of -24.15, a P/E/G ratio of 0.98 and a beta of 1.06.

TTEC (NASDAQ:TTECGet Free Report) last issued its earnings results on Wednesday, May 8th. The business services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The business had revenue of $576.64 million for the quarter, compared to analysts’ expectations of $564.37 million. TTEC had a negative net margin of 0.52% and a positive return on equity of 9.61%. Research analysts anticipate that TTEC will post 1.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TTEC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd lifted its position in TTEC by 43,433.3% during the third quarter. Covestor Ltd now owns 1,306 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 1,303 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in TTEC by 128.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,607 shares during the period. PNC Financial Services Group Inc. raised its holdings in TTEC by 62.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,084 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 1,185 shares during the period. Quest Partners LLC bought a new stake in TTEC during the fourth quarter valued at about $96,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in TTEC during the first quarter valued at about $86,000. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

About TTEC

(Get Free Report

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.

Further Reading

Analyst Recommendations for TTEC (NASDAQ:TTEC)

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