TeleTech Holdings, Inc. (NASDAQ:TTEC) Receives Average Rating of “Reduce” from Analysts

Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) have earned a consensus rating of “Reduce” from the five research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $3.50.

TTEC has been the subject of several research reports. Wall Street Zen cut TeleTech from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. William Blair lowered shares of TeleTech from an “outperform” rating to a “market perform” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a report on Wednesday, October 8th.

TeleTech Stock Up 0.8%

Shares of TTEC opened at $3.60 on Tuesday. The firm has a fifty day moving average price of $3.35 and a 200-day moving average price of $3.81. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.14. The firm has a market capitalization of $174.78 million, a P/E ratio of -9.47, a P/E/G ratio of 0.35 and a beta of 1.05. TeleTech has a 12-month low of $2.48 and a 12-month high of $5.60.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). TeleTech had a negative net margin of 0.84% and a positive return on equity of 8.95%. The company had revenue of $519.14 million for the quarter, compared to the consensus estimate of $497.92 million. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. Equities research analysts expect that TeleTech will post 0.33 earnings per share for the current year.

Institutional Trading of TeleTech

Several large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of TeleTech by 239.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider’s stock worth $2,077,000 after buying an additional 445,440 shares during the period. Invesco Ltd. lifted its position in TeleTech by 4.8% during the 1st quarter. Invesco Ltd. now owns 91,912 shares of the business services provider’s stock worth $302,000 after acquiring an additional 4,231 shares during the period. Nuveen LLC purchased a new stake in TeleTech during the 1st quarter valued at about $188,000. American Century Companies Inc. increased its holdings in shares of TeleTech by 20.3% in the first quarter. American Century Companies Inc. now owns 43,901 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 7,393 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of TeleTech by 48.6% in the first quarter. Hsbc Holdings PLC now owns 91,500 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 29,940 shares during the period. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TeleTech Company Profile

TTEC Holdings, Inc (NASDAQ: TTEC) is a global customer experience technology and services company that designs, builds and delivers transformative solutions for customer acquisition and engagement. Leveraging a combination of digital consulting, technology, analytics and operations services, TTEC helps clients across industries enhance their customer journeys, automate key processes and harness data-driven insights to foster loyalty and drive revenue growth.

The company’s core offerings span end-to-end customer engagement solutions, including customer experience (CX) strategy consulting, cloud migration, omni-channel contact center operations and managed services.