TeleTech Holdings, Inc. (NASDAQ:TTEC) Receives Average Recommendation of “Reduce” from Brokerages

Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) have been assigned a consensus rating of “Reduce” from the five analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $3.50.

A number of equities research analysts recently issued reports on the company. William Blair downgraded TeleTech from an “outperform” rating to a “market perform” rating in a research report on Monday. Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, October 8th. Barrington Research reaffirmed a “market perform” rating on shares of TeleTech in a report on Monday, August 18th. Wall Street Zen lowered TeleTech from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded shares of TeleTech to a “hold” rating in a research report on Friday, August 8th.

TeleTech Price Performance

Shares of NASDAQ TTEC opened at $2.72 on Monday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.77 and a current ratio of 1.77. TeleTech has a fifty-two week low of $2.49 and a fifty-two week high of $5.86. The stock has a market cap of $131.82 million, a PE ratio of -5.04, a price-to-earnings-growth ratio of 0.36 and a beta of 1.22. The stock has a fifty day moving average of $3.54 and a 200-day moving average of $4.23.

TeleTech (NASDAQ:TTEC) last issued its earnings results on Thursday, November 6th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The company had revenue of $519.14 million during the quarter, compared to the consensus estimate of $497.92 million. TeleTech had a positive return on equity of 8.23% and a negative net margin of 1.20%. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. Equities research analysts anticipate that TeleTech will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of TeleTech during the second quarter valued at approximately $1,130,000. Robertson Stephens Wealth Management LLC purchased a new position in shares of TeleTech in the second quarter worth $173,000. Federated Hermes Inc. raised its holdings in TeleTech by 79.3% during the 1st quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider’s stock valued at $6,719,000 after buying an additional 903,090 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in TeleTech by 239.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider’s stock valued at $2,077,000 after buying an additional 445,440 shares during the period. Finally, Invesco Ltd. boosted its position in TeleTech by 4.8% during the 1st quarter. Invesco Ltd. now owns 91,912 shares of the business services provider’s stock valued at $302,000 after buying an additional 4,231 shares during the period. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

About TeleTech

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.