TeleTech Holdings, Inc. (NASDAQ:TTEC) Given Average Rating of “Reduce” by Brokerages

TeleTech Holdings, Inc. (NASDAQ:TTEC) has been given a consensus rating of “Reduce” by the five ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.50.

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. William Blair downgraded shares of TeleTech from an “outperform” rating to a “market perform” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday.

TeleTech Price Performance

Shares of NASDAQ:TTEC opened at $3.46 on Friday. The business has a fifty day moving average price of $3.44 and a 200-day moving average price of $3.67. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $167.98 million, a PE ratio of -9.11, a PEG ratio of 0.33 and a beta of 1.05. TeleTech has a 1-year low of $2.48 and a 1-year high of $5.60.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $519.14 million during the quarter, compared to the consensus estimate of $497.92 million. TeleTech had a positive return on equity of 8.95% and a negative net margin of 0.84%.TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. As a group, equities analysts expect that TeleTech will post 0.33 EPS for the current fiscal year.

Institutional Trading of TeleTech

A number of hedge funds have recently bought and sold shares of TTEC. Allspring Global Investments Holdings LLC purchased a new position in TeleTech in the second quarter worth about $1,130,000. Robertson Stephens Wealth Management LLC bought a new position in shares of TeleTech in the 2nd quarter worth approximately $173,000. Segall Bryant & Hamill LLC purchased a new position in shares of TeleTech in the second quarter worth approximately $1,491,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of TeleTech in the second quarter worth approximately $262,000. Finally, Olympiad Research LP bought a new stake in TeleTech during the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

About TeleTech

TTEC Holdings, Inc (NASDAQ: TTEC) is a global customer experience technology and services company that designs, builds and delivers transformative solutions for customer acquisition and engagement. Leveraging a combination of digital consulting, technology, analytics and operations services, TTEC helps clients across industries enhance their customer journeys, automate key processes and harness data-driven insights to foster loyalty and drive revenue growth.

The company’s core offerings span end-to-end customer engagement solutions, including customer experience (CX) strategy consulting, cloud migration, omni-channel contact center operations and managed services.