TeleTech (NASDAQ:TTEC) Stock Bumped Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of TeleTech (NASDAQ:TTEC) from a hold rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on TTEC. Zacks Research raised shares of TeleTech from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

TeleTech Stock Performance

TeleTech stock traded down $0.01 during mid-day trading on Friday, reaching $2.95. The company’s stock had a trading volume of 1,682,811 shares, compared to its average volume of 1,749,079. The firm has a market cap of $145.67 million, a price-to-earnings ratio of -0.72, a PEG ratio of 0.99 and a beta of 0.90. The business has a 50 day moving average price of $1.52 and a 200-day moving average price of $2.18. The company has a current ratio of 1.76, a quick ratio of 1.87 and a debt-to-equity ratio of 9.70. TeleTech has a twelve month low of $1.18 and a twelve month high of $3.98.

TeleTech (NASDAQ:TTEC) last issued its earnings results on Monday, November 9th. The business services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $492.25 million for the quarter, compared to analysts’ expectations of $480.20 million. TeleTech had a negative net margin of 9.96% and a positive return on equity of 30.63%. Sell-side analysts predict that TeleTech will post 0.60 EPS for the current fiscal year.

Institutional Trading of TeleTech

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in TeleTech by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider’s stock valued at $1,705,000 after purchasing an additional 91,167 shares during the period. Empowered Funds LLC increased its stake in shares of TeleTech by 125.3% in the first quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 70,805 shares during the period. Renaissance Technologies LLC increased its stake in shares of TeleTech by 29.7% in the first quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 13,000 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of TeleTech in the first quarter valued at approximately $87,000. 38.03% of the stock is currently owned by institutional investors.

TeleTech Company Profile

TTEC Holdings, Inc., formerly known as TeleTech, provides customer experience (CX) technology and services to businesses and government organizations. Its offerings include customer care, sales support, back-office operations, and other services designed to help clients manage interactions with their customers. The company also provides CX consulting, digital strategy, technology implementation, cloud-based contact center solutions, analytics, and artificial intelligence tools. Its work spans the customer journey, from designing digital experiences to operating customer service programs.