TTEC (NASDAQ:TTEC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TTEC (NASDAQ:TTEC) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Canaccord Genuity Group cut their target price on shares of TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Monday, March 3rd.

TTEC Price Performance

Shares of NASDAQ TTEC opened at $5.07 on Friday. The firm has a market capitalization of $242.51 million, a P/E ratio of -0.73, a PEG ratio of 1.53 and a beta of 1.28. TTEC has a one year low of $3.11 and a one year high of $8.45. The company’s fifty day moving average is $4.42 and its two-hundred day moving average is $4.22. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93.

Institutional Trading of TTEC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP grew its holdings in shares of TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock worth $64,000 after purchasing an additional 7,527 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of TTEC by 20.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider’s stock worth $182,000 after purchasing an additional 6,273 shares during the period. Deutsche Bank AG grew its holdings in shares of TTEC by 271.7% during the 4th quarter. Deutsche Bank AG now owns 31,505 shares of the business services provider’s stock worth $157,000 after purchasing an additional 23,028 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of TTEC during the 4th quarter worth about $142,000. Finally, Gabelli Funds LLC boosted its holdings in TTEC by 304.9% in the 4th quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider’s stock worth $823,000 after acquiring an additional 124,263 shares during the period. Hedge funds and other institutional investors own 38.03% of the company’s stock.

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.