TTEC (NASDAQ:TTEC) PT Lowered to $62.00

TTEC (NASDAQ:TTECGet Rating) had its price objective cut by Cowen to $62.00 in a research report report published on Monday morning, Stock Target Advisor reports.

A number of other research analysts have also issued reports on the company. TheStreet lowered TTEC from a b rating to a c+ rating in a report on Wednesday, May 18th. Barrington Research decreased their price target on TTEC from $100.00 to $73.00 and set an outperform rating on the stock in a research note on Thursday, August 11th. Morgan Stanley decreased their price target on TTEC from $60.00 to $50.00 and set an underweight rating on the stock in a research note on Thursday, August 11th. StockNews.com downgraded TTEC from a buy rating to a hold rating in a research note on Friday, May 6th. Finally, Craig Hallum decreased their price target on TTEC from $100.00 to $85.00 in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $78.00.

TTEC Trading Up 1.5 %

NASDAQ:TTEC opened at $58.57 on Monday. The firm has a market cap of $2.77 billion, a P/E ratio of 27.24, a PEG ratio of 1.50 and a beta of 0.86. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.69. The stock’s 50 day simple moving average is $67.14 and its 200-day simple moving average is $72.42. TTEC has a 12-month low of $57.22 and a 12-month high of $113.37.

TTEC (NASDAQ:TTECGet Rating) last released its earnings results on Tuesday, August 9th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.13. The business had revenue of $604.30 million for the quarter, compared to analyst estimates of $602.00 million. TTEC had a return on equity of 24.99% and a net margin of 4.28%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. Equities analysts anticipate that TTEC will post 3.27 EPS for the current year.

Institutional Trading of TTEC

Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in TTEC by 186.8% during the fourth quarter. First Horizon Advisors Inc. now owns 327 shares of the business services provider’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in TTEC during the first quarter worth $29,000. Covestor Ltd purchased a new stake in TTEC during the fourth quarter worth $50,000. C M Bidwell & Associates Ltd. purchased a new stake in TTEC during the second quarter worth $72,000. Finally, Lazard Asset Management LLC boosted its position in TTEC by 102.1% during the second quarter. Lazard Asset Management LLC now owns 1,277 shares of the business services provider’s stock worth $86,000 after purchasing an additional 645 shares in the last quarter. 37.93% of the stock is currently owned by hedge funds and other institutional investors.

TTEC Company Profile

(Get Rating)

TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.

Further Reading

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