TeleTech (NASDAQ:TTEC) Stock Bumped Up to Hold by Zacks Research

Key Points

• Zacks Research upgraded TTEC from “strong sell” to “hold,” while Weiss Ratings maintained a sell rating; MarketBeat’s overall consensus remains “Reduce.”
• TTEC shares were down 3.3% and opened at $1.48, near their 52-week low of $1.18.
• The company reported quarterly EPS of $0.03, below the $0.23 analyst estimate, and revenue of $455.5 million versus the $477.94 million consensus.

TeleTech (NASDAQ:TTEC - Get Free Report) 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 issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce".

TeleTech Trading Down 3.3%

NASDAQ:TTEC opened at $1.48 on Wednesday. The firm has a market cap of $72.96 million, a P/E ratio of 2.83, a P/E/G ratio of 0.51 and a beta of 0.90. 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 has a 52 week low of $1.18 and a 52 week high of $3.98. The firm's fifty day moving average is $1.41 and its 200-day moving average is $2.22.

TeleTech (NASDAQ:TTEC - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The business services provider reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.20). TeleTech had a negative net margin of 10.23% and a positive return on equity of 16.25%. The firm had revenue of $455.50 million for the quarter, compared to the consensus estimate of $477.94 million. TeleTech has set its FY 2026 guidance at 0.790-0.990 EPS. Equities analysts expect that TeleTech will post 0.60 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in TeleTech by 125.3% during the first quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider's stock worth $318,000 after buying an additional 70,805 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of TeleTech during the first quarter worth $87,000. Renaissance Technologies LLC lifted its holdings in 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 purchasing an additional 13,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of TeleTech by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider's stock worth $1,705,000 after buying an additional 91,167 shares in the last quarter. Institutional investors own 38.03% of the company's stock.

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.

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