TeleTech (NASDAQ:TTEC) Shares Cross Above 200-Day Moving Average – Here’s What Happened

TeleTech Holdings, Inc. (NASDAQ:TTEC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.26 and traded as high as $3.48. TeleTech shares last traded at $3.05, with a volume of 871,197 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TTEC shares. Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a report on Wednesday, January 21st. Wall Street Zen raised shares of TeleTech from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Zacks Research upgraded shares of TeleTech from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

TeleTech Stock Performance

The stock has a 50-day moving average price of $2.86 and a 200 day moving average price of $3.26. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 8.02. The firm has a market capitalization of $148.14 million, a price-to-earnings ratio of -0.77, a P/E/G ratio of 0.46 and a beta of 1.08.

TeleTech (NASDAQ:TTEC) last issued its earnings results on Thursday, February 26th. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08. TeleTech had a negative net margin of 9.01% and a positive return on equity of 16.24%. The firm had revenue of $569.96 million for the quarter, compared to analysts’ expectations of $514.53 million. TeleTech has set its FY 2026 guidance at 1.060-1.320 EPS. On average, analysts forecast that TeleTech Holdings, Inc. will post 0.33 EPS for the current year.

Institutional Trading of TeleTech

A number of hedge funds and other institutional investors have recently bought and sold shares of TTEC. Skandinaviska Enskilda Banken AB publ purchased a new stake in TeleTech during the 2nd quarter worth about $39,000. Harvest Management LLC purchased a new position in shares of TeleTech in the 2nd quarter valued at about $48,000. Intech Investment Management LLC purchased a new position in shares of TeleTech in the 3rd quarter valued at about $35,000. XTX Topco Ltd acquired a new stake in shares of TeleTech during the 4th quarter worth about $43,000. Finally, Quarry LP acquired a new stake in shares of TeleTech during the 3rd quarter worth about $56,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TeleTech Company Profile

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.