TeleTech (NASDAQ:TTEC) Rating Lowered to Hold at Wall Street Zen

TeleTech (NASDAQ:TTEC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

TeleTech Stock Up 1.7%

Shares of TeleTech stock opened at $5.24 on Friday. TeleTech has a 52-week low of $3.11 and a 52-week high of $8.45. The company has a 50 day moving average of $5.01 and a 200 day moving average of $4.24. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $250.63 million, a P/E ratio of -0.79, a P/E/G ratio of 0.38 and a beta of 1.26.

Hedge Funds Weigh In On TeleTech

Several large investors have recently bought and sold shares of the business. Federated Hermes Inc. increased its holdings in TeleTech by 79.3% in the first quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider's stock valued at $6,719,000 after buying an additional 903,090 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in TeleTech by 118.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider's stock worth $7,479,000 after purchasing an additional 813,479 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in TeleTech by 1.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,100,894 shares of the business services provider's stock worth $5,493,000 after purchasing an additional 17,885 shares in the last quarter. Two Sigma Advisers LP raised its holdings in TeleTech by 6.5% during the fourth quarter. Two Sigma Advisers LP now owns 905,500 shares of the business services provider's stock worth $4,518,000 after purchasing an additional 55,400 shares in the last quarter. Finally, Union Square Park Capital Management LLC acquired a new stake in TeleTech during the fourth quarter worth approximately $4,441,000. Hedge funds and other institutional investors own 38.03% of the company's stock.

TeleTech Company Profile

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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