Brokerages Set TeleTech Holdings, Inc. (NASDAQ:TTEC) Price Target at $3.50

TeleTech Holdings, Inc. (NASDAQ:TTEC) has received an average rating of “Reduce” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3.50.

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a report on Wednesday, January 21st. Finally, William Blair cut shares of TeleTech from an “outperform” rating to a “market perform” rating in a research note on Monday, November 10th.

Institutional Investors Weigh In On TeleTech

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in TeleTech by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 565,274 shares of the business services provider’s stock valued at $1,860,000 after purchasing an additional 22,247 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of TeleTech in the second quarter valued at $1,130,000. Campbell & CO Investment Adviser LLC bought a new position in shares of TeleTech in the second quarter valued at about $262,000. Geode Capital Management LLC lifted its position in TeleTech by 8.0% during the 2nd quarter. Geode Capital Management LLC now owns 503,241 shares of the business services provider’s stock worth $2,421,000 after buying an additional 37,252 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in TeleTech during the 2nd quarter worth about $224,000. 38.03% of the stock is currently owned by institutional investors.

TeleTech Stock Performance

Shares of TTEC stock opened at $2.28 on Wednesday. The company has a market capitalization of $110.69 million, a price-to-earnings ratio of -6.00, a P/E/G ratio of 0.22 and a beta of 1.07. TeleTech has a 1-year low of $2.12 and a 1-year high of $5.60. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.14. The stock’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $3.38.

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.