TTEC (NASDAQ:TTEC) Upgraded to Neutral by Guggenheim

TTEC (NASDAQ:TTEC) was upgraded by equities researchers at Guggenheim from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

A number of other analysts also recently commented on the company. Northland Securities dropped their price objective on TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Canaccord Genuity Group lowered their price target on TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, StockNews.com downgraded TTEC from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.90.

TTEC Trading Up 44.9 %

Shares of TTEC stock opened at $5.87 on Tuesday. TTEC has a fifty-two week low of $3.67 and a fifty-two week high of $28.38. The firm has a market cap of $279.16 million, a PE ratio of -22.58, a P/E/G ratio of 2.28 and a beta of 1.04. The business’s fifty day moving average is $5.16 and its two-hundred day moving average is $6.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. The business had revenue of $534.09 million for the quarter, compared to analysts’ expectations of $554.67 million. Analysts anticipate that TTEC will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On TTEC

Several large investors have recently modified their holdings of TTEC. PNC Financial Services Group Inc. lifted its holdings in TTEC by 42.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the business services provider’s stock worth $95,000 after acquiring an additional 1,323 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in TTEC by 11.5% in the second quarter. SummerHaven Investment Management LLC now owns 24,091 shares of the business services provider’s stock worth $142,000 after acquiring an additional 2,479 shares during the last quarter. Algert Global LLC lifted its holdings in TTEC by 3.9% in the second quarter. Algert Global LLC now owns 86,287 shares of the business services provider’s stock worth $507,000 after acquiring an additional 3,230 shares during the last quarter. American Century Companies Inc. lifted its holdings in TTEC by 16.2% in the second quarter. American Century Companies Inc. now owns 26,965 shares of the business services provider’s stock worth $159,000 after acquiring an additional 3,756 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in TTEC by 33.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,124 shares of the business services provider’s stock worth $458,000 after acquiring an additional 5,243 shares during the last quarter. Institutional investors own 38.03% of the company’s stock.

TTEC Company Profile

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.