Barrington Research Reiterates "Market Perform" Rating for TeleTech (NASDAQ:TTEC)

Key Points

• Barrington Research has reaffirmed its "market perform" rating for TeleTech (NASDAQ:TTEC) in a recent report, while other brokerages have issued different ratings, including upgrades to "hold" and "buy".
• TeleTech's stock rose by 2.2% on Monday, reaching $3.69, with an average price target of $3.50 and a market capitalization of approximately $178.77 million.
• Recent activity among institutional investors indicates a growing interest in TeleTech, with several firms significantly increasing their stakes, leading to 38.03% of the company's stock now owned by institutional investors.

TeleTech (NASDAQ:TTEC - Get Free Report)'s stock had its "market perform" rating restated by equities researchers at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports.

Several other brokerages also recently issued reports on TTEC. Zacks Research upgraded TeleTech to a "hold" rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of TeleTech from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, TeleTech has an average rating of "Hold" and an average price target of $3.50.

TeleTech Stock Up 2.2%

NASDAQ TTEC traded up $0.08 on Monday, hitting $3.69. 107,282 shares of the stock traded hands, compared to its average volume of 472,908. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.99. The stock has a 50-day moving average of $4.71 and a 200 day moving average of $4.25. TeleTech has a twelve month low of $2.67 and a twelve month high of $6.28. The company has a market capitalization of $178.77 million, a P/E ratio of -6.83, a price-to-earnings-growth ratio of 0.38 and a beta of 1.26.

Institutional Investors Weigh In On TeleTech

Large investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of TeleTech in the 2nd quarter valued at approximately $39,000. Harvest Management LLC acquired a new position in TeleTech in the 2nd quarter valued at $48,000. JPMorgan Chase & Co. grew its stake in TeleTech by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after buying an additional 7,347 shares during the last quarter. Shay Capital LLC acquired a new position in TeleTech in the 4th quarter valued at $86,000. Finally, Jump Financial LLC acquired a new position in TeleTech in the 4th quarter valued at $110,000. Institutional investors own 38.03% of the company's stock.

About TeleTech

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.

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