TeleTech (NASDAQ:TTEC) Stock Rating Upgraded by Zacks Research

TeleTech (NASDAQ:TTEC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

TeleTech Trading Down 3.3%

NASDAQ TTEC opened at $1.48 on Wednesday. The stock has a market cap of $72.96 million, a P/E ratio of -0.34, a price-to-earnings-growth ratio of 0.51 and a beta of 0.90. TeleTech has a fifty-two week low of $1.18 and a fifty-two week high of $3.98. The stock has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $2.22. The company has a debt-to-equity ratio of 9.41, a quick ratio of 1.87 and a current ratio of 1.87.

TeleTech (NASDAQ:TTEC) last posted its earnings results on Monday, August 10th. The business services provider reported $0.03 earnings per share (EPS) 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 analysts’ expectations of $477.94 million. TeleTech had a negative net margin of 10.23% and a positive return on equity of 16.25%. TeleTech has set its FY 2026 guidance at 0.790-0.990 EPS. On average, analysts forecast that TeleTech will post 0.60 earnings per share for the current year.

Institutional Trading of TeleTech

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of TeleTech by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider’s stock worth $142,000 after acquiring an additional 13,000 shares during the period. Lazard Asset Management LLC bought a new position in shares of TeleTech in the 1st quarter worth approximately $87,000. Empowered Funds LLC lifted its stake 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 purchasing an additional 70,805 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of TeleTech by 15.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider’s stock valued at $1,705,000 after purchasing an additional 91,167 shares during the period. 38.03% of the stock is owned by institutional investors.

TeleTech Company Profile

TeleTech, now known as TTEC Holdings, Inc (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.

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