TTEC Holdings, Inc. (NASDAQ:TTEC) Given Average Recommendation of “Hold” by Brokerages

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have received a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $11.90.

TTEC has been the subject of a number of analyst reports. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Northland Securities cut their target price on TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group lowered their price objective on TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in TTEC by 119.7% during the third quarter. Barclays PLC now owns 33,654 shares of the business services provider’s stock valued at $197,000 after acquiring an additional 18,339 shares during the period. XTX Topco Ltd bought a new stake in TTEC during the 3rd quarter valued at approximately $59,000. Quantinno Capital Management LP acquired a new stake in TTEC in the 3rd quarter valued at approximately $121,000. ClearAlpha Technologies LP bought a new position in TTEC in the 3rd quarter worth approximately $411,000. Finally, Walleye Capital LLC lifted its holdings in shares of TTEC by 44.3% during the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after buying an additional 135,355 shares during the last quarter. Institutional investors own 38.03% of the company’s stock.

TTEC Stock Up 4.4 %

Shares of TTEC stock opened at $5.02 on Friday. The firm has a market cap of $239.60 million, a price-to-earnings ratio of -0.72, a P/E/G ratio of 3.11 and a beta of 1.05. The stock has a 50-day simple moving average of $5.10 and a 200-day simple moving average of $5.74. TTEC has a 52-week low of $3.67 and a 52-week high of $22.69. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93.

About TTEC

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.