TeleTech (NASDAQ:TTEC) Stock Bumped Up to Hold by Zacks Research

Zacks Research upgraded shares of TeleTech (NASDAQ:TTEC) from a strong sell rating to a hold rating in a report published on Wednesday,Zacks reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

TeleTech Price Performance

NASDAQ TTEC opened at $1.48 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 9.41. TeleTech has a 1 year low of $1.18 and a 1 year high of $3.98. The company has a market cap of $72.96 million, a PE ratio of -0.34, a PEG ratio of 0.51 and a beta of 0.90. The stock’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $2.22.

TeleTech (NASDAQ:TTEC) last announced its earnings results on Monday, August 10th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.20). The firm had revenue of $455.50 million during the quarter, compared to analyst estimates of $477.94 million. TeleTech had a positive return on equity of 16.25% and a negative net margin of 10.23%. TeleTech has set its FY 2026 guidance at 0.790-0.990 EPS. On average, analysts predict that TeleTech will post 0.60 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new stake in TeleTech during the 1st quarter worth about $87,000. Renaissance Technologies LLC grew its stake in TeleTech by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 13,000 shares in the last quarter. Empowered Funds LLC grew its stake in TeleTech by 125.3% during the 1st quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider’s stock valued at $318,000 after acquiring an additional 70,805 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in TeleTech by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider’s stock valued at $1,705,000 after acquiring an additional 91,167 shares in the last quarter. 38.03% of the stock is owned by institutional investors and hedge funds.

About TeleTech

TeleTech, now known as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.

The company serves clients across industries including financial services, healthcare, communications, retail, travel and hospitality, automotive, and the public sector.