TeleTech (NASDAQ:TTEC) Upgraded by Wall Street Zen to Buy Rating

TeleTech (NASDAQ:TTEC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

TeleTech Price Performance

TTEC stock opened at $3.42 on Friday. The stock has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $4.25. The stock has a market cap of $163.58 million, a PE ratio of -6.33, a price-to-earnings-growth ratio of 0.28 and a beta of 1.26. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 3.42. TeleTech has a 1 year low of $2.67 and a 1 year high of $6.28.

Institutional Investors Weigh In On TeleTech

Several hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in TeleTech by 79.3% in the 1st quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider’s stock valued at $6,719,000 after purchasing an additional 903,090 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in TeleTech by 118.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider’s stock worth $7,479,000 after acquiring an additional 813,479 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in TeleTech by 1.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,100,894 shares of the business services provider’s stock worth $5,493,000 after acquiring an additional 17,885 shares during the last quarter. Two Sigma Advisers LP lifted its position in TeleTech by 6.5% during the fourth quarter. Two Sigma Advisers LP now owns 905,500 shares of the business services provider’s stock worth $4,518,000 after acquiring an additional 55,400 shares during the last quarter. Finally, Union Square Park Capital Management LLC acquired a new stake in TeleTech during the fourth quarter worth approximately $4,441,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

About TeleTech

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.