TTEC (NASDAQ:TTEC) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of TTEC (NASDAQ:TTEC) from a sell rating to a hold rating in a report released on Friday morning.

TTEC Trading Up 1.1 %

Shares of TTEC opened at $3.55 on Friday. The firm has a 50-day moving average of $4.31 and a 200-day moving average of $4.83. TTEC has a one year low of $3.37 and a one year high of $19.74. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Manatuck Hill Partners LLC bought a new position in shares of TTEC in the 4th quarter valued at about $487,000. Schonfeld Strategic Advisors LLC boosted its holdings in shares of TTEC by 33.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 138,440 shares of the business services provider’s stock worth $691,000 after buying an additional 35,040 shares during the period. Northern Trust Corp boosted its holdings in shares of TTEC by 9.1% during the 4th quarter. Northern Trust Corp now owns 173,403 shares of the business services provider’s stock worth $865,000 after buying an additional 14,462 shares during the period. Vazirani Asset Management LLC boosted its holdings in shares of TTEC by 93.3% during the 4th quarter. Vazirani Asset Management LLC now owns 50,000 shares of the business services provider’s stock worth $250,000 after buying an additional 24,132 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of TTEC during the 4th quarter worth about $201,000. Institutional investors own 38.03% of the company’s stock.

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.