Shares of TTEC Holdings, Inc. (NASDAQ:TTEC – Get Free Report) have earned a consensus recommendation of “Reduce” from the five brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.00.
TTEC has been the topic of a number of recent research reports. Canaccord Genuity Group lowered shares of TTEC from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group reiterated a “hold” rating and issued a $13.00 price target (down from $30.00) on shares of TTEC in a research report on Wednesday, March 6th. Barrington Research lowered TTEC from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Finally, Guggenheim started coverage on TTEC in a research report on Tuesday, March 19th. They set a “sell” rating and a $8.00 target price for the company.
Read Our Latest Analysis on TTEC
Institutional Trading of TTEC
TTEC Stock Performance
Shares of TTEC stock opened at $8.22 on Friday. TTEC has a 52 week low of $8.09 and a 52 week high of $38.09. The company has a market capitalization of $390.04 million, a price-to-earnings ratio of 45.67, a PEG ratio of 0.91 and a beta of 0.99. The company has a 50-day simple moving average of $13.57 and a 200 day simple moving average of $18.54. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.69 and a current ratio of 1.69.
TTEC (NASDAQ:TTEC – Get Free Report) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). TTEC had a net margin of 0.34% and a return on equity of 13.74%. On average, sell-side analysts predict that TTEC will post 1.16 earnings per share for the current year.
TTEC Cuts Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 2nd. This represents a yield of 4.6%. TTEC’s dividend payout ratio is currently 66.67%.
About TTEC
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.
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