Wall Street Zen Upgrades TeleTech (NASDAQ:TTEC) to Buy

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

TTEC has been the subject of several other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, January 21st. William Blair cut TeleTech from an “outperform” rating to a “market perform” rating in a research report on Monday, November 10th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

TeleTech Stock Up 0.7%

TTEC stock opened at $2.72 on Friday. The stock has a market cap of $132.11 million, a PE ratio of -0.69, a price-to-earnings-growth ratio of 0.26 and a beta of 1.08. The firm’s 50-day simple moving average is $2.96 and its 200 day simple moving average is $3.30. TeleTech has a fifty-two week low of $1.98 and a fifty-two week high of $5.60. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 8.02.

TeleTech (NASDAQ:TTEC) last posted its earnings results on Thursday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $514.53 million. TeleTech has set its FY 2026 guidance at 1.060-1.320 EPS. As a group, sell-side analysts predict that TeleTech will post 0.33 EPS for the current year.

Institutional Trading of TeleTech

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its position in shares of TeleTech by 10.6% during the 4th quarter. Empowered Funds LLC now owns 56,499 shares of the business services provider’s stock worth $203,000 after buying an additional 5,402 shares in the last quarter. XTX Topco Ltd bought a new position in shares of TeleTech in the fourth quarter valued at approximately $43,000. Bridgeway Capital Management LLC increased its stake in shares of TeleTech by 8.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 127,999 shares of the business services provider’s stock valued at $461,000 after acquiring an additional 9,702 shares during the period. AQR Capital Management LLC increased its stake in shares of TeleTech by 46.0% during the fourth quarter. AQR Capital Management LLC now owns 60,604 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 19,088 shares during the period. Finally, Jain Global LLC raised its holdings in TeleTech by 44.1% during the fourth quarter. Jain Global LLC now owns 17,970 shares of the business services provider’s stock worth $65,000 after purchasing an additional 5,498 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors.

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.