Brokerages Set TeleTech Holdings, Inc. (NASDAQ:TTEC) Price Target at $3.50

TeleTech Holdings, Inc. (NASDAQ:TTEC) has been given an average recommendation of “Reduce” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.50.

Several equities research analysts have recently commented on TTEC shares. William Blair downgraded TeleTech from an “outperform” rating to a “market perform” rating in a report on Monday, November 10th. Wall Street Zen lowered shares of TeleTech from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, January 21st.

TeleTech Stock Performance

TTEC opened at $2.06 on Wednesday. The business’s 50-day simple moving average is $3.16 and its 200 day simple moving average is $3.37. TeleTech has a 52-week low of $2.02 and a 52-week high of $5.60. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $100.01 million, a PE ratio of -5.42, a PEG ratio of 0.20 and a beta of 1.07.

Hedge Funds Weigh In On TeleTech

A number of institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new stake in shares of TeleTech in the third quarter valued at approximately $35,000. Skandinaviska Enskilda Banken AB publ bought a new stake in TeleTech in the 2nd quarter valued at $39,000. XTX Topco Ltd bought a new stake in TeleTech in the 4th quarter valued at $43,000. Harvest Management LLC acquired a new stake in TeleTech during the 2nd quarter valued at $48,000. Finally, Quarry LP bought a new position in TeleTech during the third quarter worth $56,000. Institutional investors and hedge funds 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.