TTEC (NASDAQ:TTEC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of TTEC (NASDAQ:TTEC) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

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

TTEC Price Performance

TTEC opened at $3.73 on Friday. TTEC has a twelve month low of $3.31 and a twelve month high of $11.73. The firm has a market cap of $178.14 million, a price-to-earnings ratio of -0.53, a PEG ratio of 1.53 and a beta of 1.09. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The company has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $4.60.

TTEC (NASDAQ:TTEC) last announced its 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). TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. The business had revenue of $567.44 million for the quarter, compared to analyst estimates of $575.73 million. Equities research analysts expect that TTEC will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On TTEC

A number of institutional investors have recently modified their holdings of TTEC. Barclays PLC increased its holdings in TTEC by 12.2% in the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider’s stock valued at $189,000 after buying an additional 4,117 shares during the last quarter. American Century Companies Inc. lifted its holdings in TTEC by 13.4% during the 4th quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock worth $182,000 after buying an additional 4,313 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of TTEC by 24.2% in the 4th quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider’s stock worth $128,000 after acquiring an additional 4,981 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of TTEC by 20.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 6,273 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 valued at $84,000 after acquiring an additional 7,347 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

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.