TeleTech Holdings, Inc. (TTEC) Raised to “Buy” at Zacks Investment Research

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.

Shares of TeleTech Holdings (TTEC) traded up $0.25 during trading on Tuesday, reaching $39.90. The company had a trading volume of 313,360 shares, compared to its average volume of 94,456. TeleTech Holdings has a 12 month low of $26.85 and a 12 month high of $43.75. The stock has a market cap of $1,830.00, a PE ratio of 24.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.64.

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.

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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).

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