TeleTech (NASDAQ:TTEC) Stock Rating Cut to "Strong Sell" at Zacks Research

Key Points

• Zacks Research downgraded TeleTech to “strong sell” from “hold,” while Weiss Ratings maintained a “sell” rating; analysts’ consensus view is “Sell.”
• TeleTech’s stock opened at $1.46, with a market capitalization of approximately $72 million, and has declined below both its 50-day and 200-day moving averages.
• The company missed quarterly expectations, reporting $0.03 in EPS versus $0.23 expected and revenue of $455.5 million versus $477.94 million estimated; it also posted a negative net margin of 10.23%.

TeleTech (NASDAQ:TTEC - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Tuesday, Zacks reports.

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of TeleTech in a research report on Friday, July 17th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

TeleTech Stock Performance

TTEC stock opened at $1.46 on Tuesday. The firm has a market cap of $71.98 million, a PE ratio of -0.34, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 9.41. The stock has a 50-day moving average price of $1.55 and a 200-day moving average price of $2.15. TeleTech has a 1-year low of $1.18 and a 1-year high of $3.98.

TeleTech (NASDAQ:TTEC - Get Free Report) last announced its earnings results on Monday, August 10th. The business services provider reported $0.03 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 the consensus estimate 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. As a group, equities research analysts expect that TeleTech will post 0.6 earnings per share for the current year.

Institutional Trading of TeleTech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 valued at $1,705,000 after purchasing an additional 91,167 shares in the last quarter. Empowered Funds LLC grew 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 in the last quarter. Renaissance Technologies LLC raised its position in TeleTech by 29.7% in the 1st quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider's stock valued at $142,000 after buying an additional 13,000 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in TeleTech in the 1st quarter valued at $87,000. Finally, Leonteq Securities AG bought a new position in TeleTech during the 1st quarter valued at $75,000. 38.03% of the stock is owned by institutional investors.

TeleTech Company Profile

TeleTech, operating as TTEC Holdings, Inc NASDAQ: TTEC, is a global customer experience technology and services company headquartered in Denver, Colorado. The company helps organizations design, build and manage customer interactions across digital and traditional channels.

TTEC's services include customer care, technical support, sales, revenue growth, back-office operations, trust and safety, consulting, analytics and artificial intelligence. Its technology offerings support cloud-based customer experience management, automation, customer relationship management and other digital engagement activities.

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

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