TTEC (NASDAQ:TTEC) Rating Lowered to “Sell” at StockNews.com

TTEC (NASDAQ:TTEC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

TTEC has been the topic of several other research reports. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. Canaccord Genuity Group cut their target price on TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Finally, Northland Securities reduced their target price on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.90.

TTEC Stock Performance

NASDAQ:TTEC opened at $4.79 on Friday. The business’s fifty day moving average is $5.05 and its 200 day moving average is $5.87. The firm has a market cap of $228.62 million, a price-to-earnings ratio of -0.69, a PEG ratio of 3.08 and a beta of 1.05. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. TTEC has a 52-week low of $3.67 and a 52-week high of $22.69.

Institutional Investors Weigh In On TTEC

A number of large investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of TTEC in the 2nd quarter worth about $72,000. Nisa Investment Advisors LLC raised its position in shares of TTEC by 280.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock worth $78,000 after acquiring an additional 9,809 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of TTEC during the second quarter valued at approximately $80,000. State Board of Administration of Florida Retirement System purchased a new stake in TTEC in the first quarter worth $86,000. Finally, EntryPoint Capital LLC bought a new stake in shares of TTEC during the 1st quarter valued at $88,000. 38.03% of the stock is currently owned by institutional investors.

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.