Trade Report: The TeleTech Holdings Inc. (TTEC) Raised to Hold at The Zacks Investment Research

The TeleTech Holdings Inc. (TTEC) Raised to Hold at The Zacks Investment Research

TeleTech Holdings Inc. (NASDAQ:TTEC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

A number of other brokerages have also commented on TTEC. Sidoti initiated coverage on TeleTech Holdings in a report on Monday, August 29th. They set a “neutral” rating and a $32.00 price target on the stock. Wells Fargo & Co. lowered TeleTech Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

TeleTech Holdings (NASDAQ:TTEC) traded down 0.52% during mid-day trading on Wednesday, hitting $28.45. The stock had a trading volume of 49,997 shares. TeleTech Holdings has a 52 week low of $24.19 and a 52 week high of $30.25. The company’s 50 day moving average is $27.67 and its 200-day moving average is $27.96. The stock has a market capitalization of $1.32 billion, a P/E ratio of 26.79 and a beta of 0.81.

TeleTech Holdings (NASDAQ:TTEC) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $312.80 million for the quarter. TeleTech Holdings had a return on equity of 15.62% and a net margin of 4.01%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. On average, analysts expect that TeleTech Holdings will post $1.39 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of TTEC. Prudential Financial Inc. raised its stake in shares of TeleTech Holdings by 20.6% in the first quarter. Prudential Financial Inc. now owns 125,038 shares of the company’s stock valued at $3,471,000 after buying an additional 21,339 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of TeleTech Holdings by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,827 shares of the company’s stock valued at $104,000 after buying an additional 1,667 shares during the last quarter. Boston Partners raised its stake in shares of TeleTech Holdings by 0.8% in the second quarter. Boston Partners now owns 1,194,424 shares of the company’s stock valued at $32,405,000 after buying an additional 9,784 shares during the last quarter. UBS Group AG raised its stake in shares of TeleTech Holdings by 3.4% in the first quarter. UBS Group AG now owns 55,355 shares of the company’s stock valued at $1,537,000 after buying an additional 1,816 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of TeleTech Holdings by 2.1% in the second quarter. Principal Financial Group Inc. now owns 115,982 shares of the company’s stock valued at $3,147,000 after buying an additional 2,430 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

About TeleTech Holdings

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).

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