TTEC (NASDAQ:TTEC) Rating Increased to Hold at StockNews.com

TTEC (NASDAQ:TTEC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Canaccord Genuity Group dropped their price objective on TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.13.

TTEC Stock Performance

NASDAQ:TTEC opened at $3.54 on Friday. The company has a market capitalization of $169.06 million, a P/E ratio of -0.51, a P/E/G ratio of 1.53 and a beta of 1.09. TTEC has a 1 year low of $3.31 and a 1 year high of $11.97. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The business has a fifty day simple moving average of $3.86 and a two-hundred day simple moving average of $4.61.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $567.44 million during the quarter, compared to analysts’ expectations of $575.73 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. On average, analysts expect that TTEC will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On TTEC

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in shares of TTEC in the 3rd quarter valued at about $59,000. GAMMA Investing LLC increased its holdings in TTEC by 1,054.6% during the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 11,717 shares during the period. Quantbot Technologies LP increased its holdings in TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 7,527 shares during the period. Pacific Sun Financial Corp purchased a new position in shares of TTEC during the 4th quarter worth approximately $72,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of TTEC by 77.0% during the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock worth $84,000 after acquiring an additional 7,347 shares during the period. 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.