TeleTech (NASDAQ:TTEC) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded TeleTech from “hold” to “buy,” though MarketBeat’s average analyst rating remains “Reduce,” with one Hold and one Sell rating reported.
• TeleTech beat quarterly expectations, reporting EPS of $0.22 versus $0.20 expected and revenue of $492.25 million versus $480.20 million estimated.
• The stock opened at $2.95; TeleTech reported a negative net margin of 9.96%, while analysts expect full-year EPS of $0.60.

TeleTech (NASDAQ:TTEC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on TTEC. Zacks Research raised shares of TeleTech from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 4th. Weiss Ratings reissued a "sell (e+)" rating on shares of TeleTech in a research report on Thursday, October 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce".

TeleTech Stock Performance

Shares of TeleTech stock opened at $2.95 on Friday. The firm has a market capitalization of $145.67 million, a P/E ratio of -0.72, a PEG ratio of 0.99 and a beta of 0.90. The company has a quick ratio of 1.87, a current ratio of 1.76 and a debt-to-equity ratio of 9.70. The company has a 50 day moving average price of $1.52 and a 200 day moving average price of $2.18. TeleTech has a 52 week low of $1.18 and a 52 week high of $3.98.

TeleTech (NASDAQ:TTEC - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. TeleTech had a negative net margin of 9.96% and a positive return on equity of 30.63%. The business had revenue of $492.25 million for the quarter, compared to analyst estimates of $480.20 million. Sell-side analysts expect that TeleTech will post 0.60 EPS for the current year.

Institutional Investors Weigh In On TeleTech

A number of large investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in TeleTech in the 1st quarter worth approximately $87,000. Renaissance Technologies LLC lifted its stake in TeleTech by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider's stock valued at $142,000 after acquiring an additional 13,000 shares during the period. Empowered Funds LLC boosted its holdings 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 acquiring an additional 70,805 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 91,167 shares during the last quarter. Hedge funds and other institutional investors own 38.03% of the company's stock.

About TeleTech

TTEC Holdings, Inc., formerly known as TeleTech, provides customer experience (CX) technology and services to businesses and government organizations. Its offerings include customer care, sales support, back-office operations, and other services designed to help clients manage interactions with their customers. The company also provides CX consulting, digital strategy, technology implementation, cloud-based contact center solutions, analytics, and artificial intelligence tools. Its work spans the customer journey, from designing digital experiences to operating customer service programs.

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