TeleTech (NASDAQ:TTEC) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of TeleTech (NASDAQ:TTEC) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, TeleTech presently has an average rating of “Sell”.

TeleTech Stock Performance

TTEC stock opened at $1.46 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 9.41. The business’s fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $2.14. TeleTech has a twelve month low of $1.18 and a twelve month high of $3.98. The firm has a market cap of $71.98 million, a price-to-earnings ratio of -0.34, a PEG ratio of 0.49 and a beta of 0.96.

TeleTech (NASDAQ:TTEC) last released its earnings results on Monday, August 10th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.20). The business had revenue of $455.50 million for the quarter, compared to the consensus estimate of $477.94 million. TeleTech had a positive return on equity of 16.25% and a negative net margin of 10.23%.TeleTech has set its FY 2026 guidance at 0.790-0.990 EPS. Analysts predict that TeleTech will post 0.6 earnings per share for the current year.

Institutional Trading of TeleTech

Hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of TeleTech by 125.3% in the 1st quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider’s stock valued at $318,000 after buying an additional 70,805 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of TeleTech by 29.7% in the 1st quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider’s stock worth $142,000 after buying an additional 13,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TeleTech by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider’s stock worth $1,705,000 after acquiring an additional 91,167 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of TeleTech during the 1st quarter worth approximately $87,000. Finally, Leonteq Securities AG purchased a new stake in TeleTech during the first quarter valued at approximately $75,000. 38.03% of the stock is owned by hedge funds and other institutional investors.

About TeleTech

TeleTech, operating as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company headquartered in Denver, Colorado. The company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales, revenue growth, back-office operations, trust and safety, consulting, analytics and artificial intelligence. Its technology offerings support cloud-based customer experience management, automation, customer relationship management and other digital engagement activities.

The company serves clients across industries including communications, financial services, healthcare, retail, travel and hospitality, technology and the public sector.