Zacks Investment Research upgraded shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) from a hold rating to a buy rating in a research note published on Tuesday morning. Zacks Investment Research currently has $44.00 target price on the business services provider’s stock.
According to Zacks, “TeleTech Holdings, Inc. is a leading provider of eCommerce-enabling customer management solutions for large domestic, foreign and multinational companies. The company’s programs include both automated and human-assisted support and involve all stages of the customer relationship. Programs consist of a variety of customer management and product support activities, such as providing new product information, enrolling customers in client programs, providing 24-hour technical and help desk support and resolving customer complaints. “
TTEC has been the subject of several other research reports. BidaskClub cut TeleTech Holdings from a strong-buy rating to a buy rating in a research note on Saturday, August 5th. SunTrust Banks, Inc. reissued a hold rating and set a $43.00 target price on shares of TeleTech Holdings in a research report on Monday, October 9th.
TeleTech Holdings (NASDAQ:TTEC) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $359.04 million during the quarter, compared to analysts’ expectations of $348.94 million. TeleTech Holdings had a return on equity of 19.24% and a net margin of 3.45%. TeleTech Holdings’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. equities research analysts anticipate that TeleTech Holdings will post 1.75 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/11/18/teletech-holdings-inc-ttec-raised-to-buy-at-zacks-investment-research.html.
Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in shares of TeleTech Holdings by 78.2% in the second quarter. State of Alaska Department of Revenue now owns 3,100 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 1,360 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in TeleTech Holdings by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 160 shares during the last quarter. Stevens Capital Management LP acquired a new position in TeleTech Holdings in the second quarter valued at $201,000. LMR Partners LLP acquired a new position in TeleTech Holdings in the second quarter valued at $206,000. Finally, BNP Paribas Arbitrage SA increased its stake in TeleTech Holdings by 88.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,880 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 2,759 shares during the last quarter. 25.72% of the stock is currently owned by institutional investors and hedge funds.
About TeleTech Holdings
TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.