Zacks Research Downgrades TeleTech (NASDAQ:TTEC) to Hold

TeleTech (NASDAQ:TTEC) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

TTEC has been the topic of several other research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a report on Monday, April 20th. Wall Street Zen lowered TeleTech from a “buy” rating to a “hold” rating in a research report on Saturday. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

TeleTech Stock Performance

Shares of TTEC stock opened at $2.71 on Thursday. The firm has a 50 day moving average of $2.73 and a 200-day moving average of $3.05. The company has a market cap of $131.73 million, a price-to-earnings ratio of -0.65, a price-to-earnings-growth ratio of 0.42 and a beta of 1.04. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 8.02. TeleTech has a 52 week low of $1.98 and a 52 week high of $5.60.

TeleTech (NASDAQ:TTEC) last released its earnings results on Thursday, May 7th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). The company had revenue of $496.18 million for the quarter, compared to analyst estimates of $493.69 million. TeleTech had a negative net margin of 9.60% and a positive return on equity of 13.48%. TeleTech has set its FY 2026 guidance at 1.060-1.320 EPS. On average, equities analysts forecast that TeleTech will post 0.92 earnings per share for the current year.

Institutional Trading of TeleTech

A number of hedge funds and other institutional investors have recently bought and sold shares of TTEC. Intech Investment Management LLC acquired a new position in TeleTech during the third quarter worth $35,000. XTX Topco Ltd acquired a new position in shares of TeleTech during the fourth quarter valued at about $43,000. Quarry LP bought a new stake in shares of TeleTech during the third quarter worth about $56,000. Jain Global LLC increased its position in shares of TeleTech by 44.1% during the fourth quarter. Jain Global LLC now owns 17,970 shares of the business services provider’s stock worth $65,000 after acquiring an additional 5,498 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in shares of TeleTech in the 3rd quarter worth about $74,000. Institutional investors own 38.03% of the company’s stock.

TeleTech Company Profile

TTEC Holdings, Inc (NASDAQ: TTEC) is a global customer experience technology and services company that designs, builds and delivers transformative solutions for customer acquisition and engagement. Leveraging a combination of digital consulting, technology, analytics and operations services, TTEC helps clients across industries enhance their customer journeys, automate key processes and harness data-driven insights to foster loyalty and drive revenue growth.

The company’s core offerings span end-to-end customer engagement solutions, including customer experience (CX) strategy consulting, cloud migration, omni-channel contact center operations and managed services.