TeleTech (NASDAQ:TTEC) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of TeleTech (NASDAQ:TTEC) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other brokerages have also recently issued reports on TTEC. Zacks Research upgraded TeleTech from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

TeleTech Trading Down 11.4%

NASDAQ TTEC opened at $2.71 on Friday. The stock has a market capitalization of $131.73 million, a price-to-earnings ratio of -0.65, a PEG ratio of 0.37 and a beta of 1.04. The stock’s 50 day moving average price is $2.73 and its two-hundred day moving average price is $3.05. The company has a debt-to-equity ratio of 8.02, a quick ratio of 1.89 and a current ratio of 1.89. 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 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.10). The firm had revenue of $496.18 million during the quarter, compared to the consensus estimate 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. As a group, analysts anticipate that TeleTech will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TeleTech

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP raised its stake in TeleTech by 800.7% in the 3rd quarter. GSA Capital Partners LLP now owns 358,377 shares of the business services provider’s stock valued at $1,204,000 after acquiring an additional 318,589 shares during the period. State of Wyoming bought a new stake in TeleTech in the 3rd quarter valued at $164,000. Federated Hermes Inc. raised its stake in TeleTech by 1.0% in the 3rd quarter. Federated Hermes Inc. now owns 2,079,778 shares of the business services provider’s stock valued at $6,988,000 after acquiring an additional 21,602 shares during the period. Johnson Financial Group LLC bought a new stake in TeleTech in the 3rd quarter valued at $245,000. Finally, Citizens Financial Group Inc. RI raised its stake in TeleTech by 32.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 192,500 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 47,500 shares during the period. 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.