TTEC (NASDAQ:TTEC) Downgraded by StockNews.com

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

A number of other research analysts have also weighed in on TTEC. Northland Securities reduced their price objective on TTEC from $19.00 to $16.00 and set an outperform rating for the company in a research report on Tuesday, August 13th. Canaccord Genuity Group dropped their price target on shares of TTEC from $8.00 to $4.50 and set a hold rating on the stock in a report on Tuesday, August 13th. Finally, Craig Hallum reduced their price target on shares of TTEC from $18.00 to $13.00 and set a buy rating for the company in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, TTEC has a consensus rating of Hold and a consensus target price of $11.90.

TTEC Stock Performance

NASDAQ:TTEC opened at $4.23 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06. The firm’s fifty day simple moving average is $5.84 and its 200 day simple moving average is $7.78. The stock has a market cap of $201.86 million, a P/E ratio of -17.35, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. TTEC has a twelve month low of $3.71 and a twelve month high of $28.38.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.14). TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. The company had revenue of $534.09 million during the quarter, compared to analysts’ expectations of $554.67 million. As a group, research analysts predict that TTEC will post 0.44 EPS for the current year.

Institutional Investors Weigh In On TTEC

Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. increased its holdings in shares of TTEC by 324.2% in the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after purchasing an additional 902,159 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of TTEC by 227.2% in the second quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after purchasing an additional 438,072 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of TTEC in the first quarter worth about $2,910,000. Vanguard Group Inc. increased its holdings in shares of TTEC by 6.7% in the first quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock worth $26,653,000 after purchasing an additional 160,567 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of TTEC in the fourth quarter worth about $2,106,000. 38.03% of the stock is owned by institutional investors.

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.