TTEC Holdings, Inc. (NASDAQ:TTEC) Receives Consensus Rating of “Hold” from Analysts

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $11.90.

A number of brokerages have issued reports on TTEC. Canaccord Genuity Group reduced their price target on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a report on Tuesday, August 13th. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. StockNews.com cut TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Finally, Northland Securities decreased their price objective on TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th.

TTEC Stock Performance

Shares of TTEC stock opened at $5.02 on Friday. The company’s 50-day simple moving average is $5.10 and its 200-day simple moving average is $5.74. TTEC has a one year low of $3.67 and a one year high of $22.69. The stock has a market capitalization of $239.60 million, a price-to-earnings ratio of -0.72, a PEG ratio of 3.11 and a beta of 1.05. 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 have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of TTEC in the third quarter valued at $59,000. Vanguard Personalized Indexing Management LLC purchased a new stake in TTEC in the 2nd quarter worth about $72,000. Nisa Investment Advisors LLC boosted its position in TTEC by 280.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock worth $78,000 after acquiring an additional 9,809 shares during the period. Magnetar Financial LLC acquired a new stake in TTEC during the 2nd quarter worth about $80,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of TTEC in the 1st quarter valued at about $86,000. 38.03% of the stock is owned by hedge funds and other institutional investors.

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.