TTEC (NASDAQ:TTEC) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of TTEC (NASDAQ:TTEC) from a sell rating to a hold rating in a report released on Saturday.

Separately, Canaccord Genuity Group dropped their price target on shares of TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TTEC has a consensus rating of “Hold” and a consensus price target of $10.13.

TTEC Stock Performance

Shares of TTEC stock opened at $3.54 on Friday. The company’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $4.60. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market cap of $169.06 million, a PE ratio of -0.51, a P/E/G ratio of 1.53 and a beta of 1.09. TTEC has a 12 month low of $3.31 and a 12 month high of $11.97.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The business had revenue of $567.44 million during the quarter, compared to the consensus estimate of $575.73 million. TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. Equities research analysts expect that TTEC will post 0.33 EPS for the current fiscal year.

Institutional Trading of TTEC

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in TTEC by 12.2% in the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 4,117 shares during the last quarter. American Century Companies Inc. lifted its stake in TTEC by 13.4% in the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 4,313 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of TTEC by 24.2% in the fourth quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 4,981 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of TTEC by 20.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 6,273 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of TTEC by 77.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 7,347 shares during the period. Institutional investors and hedge funds own 38.03% of the company’s stock.

TTEC Company Profile

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.