Zacks Investment Research lowered shares of TeleTech Holdings Inc. (NASDAQ:TTEC) from a hold rating to a sell rating in a report released on Tuesday morning.

According to Zacks, “TeleTech Holdings, Inc. is a leading provider of eCommerce-enabling customer management solutions for large domestic, foreign and multinational companies. The company’s programs include both automated and human-assisted support and involve all stages of the customer relationship. Programs consist of a variety of customer management and product support activities, such as providing new product information, enrolling customers in client programs, providing 24-hour technical and help desk support and resolving customer complaints. “

TTEC has been the subject of a number of other reports. Wells Fargo & Co. downgraded TeleTech Holdings from an outperform rating to a market perform rating in a research report on Monday, August 8th. Sidoti initiated coverage on TeleTech Holdings in a research report on Monday, August 29th. They issued a neutral rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $31.00.

Shares of TeleTech Holdings (NASDAQ:TTEC) traded up 0.38% during midday trading on Tuesday, hitting $26.10. The stock had a trading volume of 44,919 shares. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 24.58 and a beta of 0.81. The company’s 50-day moving average price is $27.95 and its 200-day moving average price is $27.97. TeleTech Holdings has a 12-month low of $24.19 and a 12-month high of $30.25.

TeleTech Holdings (NASDAQ:TTEC) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.09. TeleTech Holdings had a return on equity of 15.62% and a net margin of 4.01%. The business earned $312.80 million during the quarter. During the same period last year, the business earned $0.29 earnings per share. TeleTech Holdings’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that TeleTech Holdings will post $1.39 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new stake in shares of TeleTech Holdings during the third quarter worth approximately $364,000. Citadel Advisors LLC increased its stake in shares of TeleTech Holdings by 62.0% in the third quarter. Citadel Advisors LLC now owns 95,323 shares of the company’s stock worth $2,763,000 after buying an additional 36,465 shares during the period. Principal Financial Group Inc. increased its stake in shares of TeleTech Holdings by 2.2% in the third quarter. Principal Financial Group Inc. now owns 118,503 shares of the company’s stock worth $3,435,000 after buying an additional 2,521 shares during the period. Northern Trust Corp increased its stake in shares of TeleTech Holdings by 0.5% in the third quarter. Northern Trust Corp now owns 286,201 shares of the company’s stock worth $8,297,000 after buying an additional 1,395 shares during the period. Finally, Matarin Capital Management LLC bought a new stake in shares of TeleTech Holdings during the third quarter worth approximately $2,455,000. Institutional investors own 27.39% of the company’s stock.

TeleTech Holdings Company Profile

TeleTech Holdings, Inc (TeleTech) is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).

5 Day Chart for NASDAQ:TTEC

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