TeleTech Holdings, Inc. (NASDAQ:TTEC) Receives $3.50 Average Price Target from Analysts

Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) have been given a consensus recommendation of “Reduce” by the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $3.50.

A number of research firms have recently weighed in on TTEC. Wall Street Zen downgraded TeleTech from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, January 21st. Finally, William Blair downgraded shares of TeleTech from an “outperform” rating to a “market perform” rating in a report on Monday, November 10th.

TeleTech Trading Up 3.8%

Shares of TTEC stock opened at $3.59 on Friday. TeleTech has a 12-month low of $2.48 and a 12-month high of $5.60. The company has a market capitalization of $174.29 million, a PE ratio of -9.45, a price-to-earnings-growth ratio of 0.34 and a beta of 1.05. The firm has a 50 day moving average price of $3.46 and a two-hundred day moving average price of $3.64. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.14.

TeleTech (NASDAQ:TTEC) last posted its earnings results on Thursday, November 6th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $519.14 million during the quarter, compared to analyst estimates of $497.92 million. TeleTech had a negative net margin of 0.84% and a positive return on equity of 8.95%. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. As a group, analysts predict that TeleTech will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On TeleTech

A number of large investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of TeleTech during the 2nd quarter worth $39,000. Harvest Management LLC acquired a new position in TeleTech during the second quarter worth about $48,000. Intech Investment Management LLC bought a new position in shares of TeleTech in the third quarter worth about $35,000. Quarry LP acquired a new stake in shares of TeleTech in the 3rd quarter valued at approximately $56,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of TeleTech in the 3rd quarter valued at approximately $74,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

About TeleTech

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.