TeleTech (NASDAQ:TTEC) Stock Breaks Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• TTEC shares rose above their 200-day moving average, reaching $2.52 before last trading at $2.40; trading volume was about 22.16 million shares.
• The company beat quarterly estimates, reporting EPS of $0.22 versus $0.20 expected and revenue of $492.25 million versus $480.20 million expected.
• Analyst views remain cautious: one rated the stock Hold and one Sell, resulting in an average MarketBeat rating of “Reduce.”

Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $2.19 and traded as high as $2.52. TeleTech shares last traded at $2.40, with a volume of 22,159,520 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of TeleTech in a research note on Thursday, October 15th. Zacks Research upgraded shares of TeleTech from a "strong sell" rating to a "hold" rating in a research report on Wednesday, November 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce".

TeleTech Stock Performance

The company's fifty day moving average price is $1.43 and its two-hundred day moving average price is $2.19. The company has a debt-to-equity ratio of 9.41, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a market capitalization of $118.32 million, a PE ratio of -0.58, a price-to-earnings-growth ratio of 0.47 and a beta of 0.90.

TeleTech (NASDAQ:TTEC - Get Free Report) last released its quarterly earnings data on Monday, November 9th. The business services provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. TeleTech had a positive return on equity of 29.41% and a negative net margin of 9.96%. The company had revenue of $492.25 million for the quarter, compared to the consensus estimate of $480.20 million. As a group, equities analysts expect that TeleTech Holdings, Inc. will post 0.60 earnings per share for the current year.

Institutional Trading of TeleTech

Several large investors have recently modified their holdings of TTEC. Lazard Asset Management LLC acquired a new position in shares of TeleTech in the first quarter worth about $87,000. Renaissance Technologies LLC increased its stake in shares of TeleTech by 29.7% in the first quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider's stock worth $142,000 after buying an additional 13,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 91,167 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in TeleTech by 125.3% during 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. 38.03% of the stock is currently owned by institutional investors and hedge funds.

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.

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