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

TTEC (NASDAQ:TTEC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other research analysts also recently issued reports on TTEC. Northland Securities dropped their price objective on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Canaccord Genuity Group dropped their price objective on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Finally, Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.90.

TTEC Stock Performance

TTEC traded down $0.63 during trading on Thursday, hitting $4.80. The stock had a trading volume of 1,534,256 shares, compared to its average volume of 547,570. The firm has a market cap of $229.06 million, a PE ratio of -0.73, a P/E/G ratio of 2.81 and a beta of 1.05. TTEC has a 12 month low of $3.67 and a 12 month high of $22.69. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 3.06. The company has a 50 day simple moving average of $5.07 and a 200-day simple moving average of $5.98.

TTEC (NASDAQ:TTEC) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.14). The firm had revenue of $534.09 million during the quarter, compared to the consensus estimate of $554.67 million. TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. Analysts expect that TTEC will post 0.44 EPS for the current year.

Institutional Trading of TTEC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its stake in TTEC by 11.5% in the second quarter. SummerHaven Investment Management LLC now owns 24,091 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 2,479 shares during the period. Algert Global LLC increased its stake in TTEC by 3.9% in the second quarter. Algert Global LLC now owns 86,287 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 3,230 shares during the period. American Century Companies Inc. boosted its position in TTEC by 16.2% in the second quarter. American Century Companies Inc. now owns 26,965 shares of the business services provider’s stock valued at $159,000 after buying an additional 3,756 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in TTEC by 46.0% in the first quarter. Illinois Municipal Retirement Fund now owns 17,401 shares of the business services provider’s stock valued at $180,000 after buying an additional 5,481 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in TTEC by 46.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,619 shares of the business services provider’s stock valued at $245,000 after buying an additional 7,488 shares in the last quarter. 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.