Wall Street Zen cut shares of TeleTech (NASDAQ:TTEC - Free Report) from a buy rating to a hold rating in a research note released on Saturday morning.
TeleTech Trading Down 1.7%
Shares of NASDAQ TTEC traded down $0.09 during midday trading on Friday, reaching $5.06. The company had a trading volume of 219,216 shares, compared to its average volume of 541,207. 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 stock has a market cap of $241.78 million, a PE ratio of -0.76, a price-to-earnings-growth ratio of 0.55 and a beta of 1.26. TeleTech has a one year low of $3.11 and a one year high of $8.45. The firm's fifty day moving average price is $5.01 and its 200-day moving average price is $4.23.
Institutional Trading of TeleTech
Several large investors have recently bought and sold shares of TTEC. SummerHaven Investment Management LLC lifted its position in TeleTech by 3.0% in the 1st quarter. SummerHaven Investment Management LLC now owns 131,506 shares of the business services provider's stock valued at $433,000 after acquiring an additional 3,804 shares in the last quarter. Barclays PLC grew its stake in shares of TeleTech by 12.2% during the 4th quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock valued at $189,000 after acquiring an additional 4,117 shares during the period. Invesco Ltd. increased its stake in TeleTech by 4.8% in the 1st quarter. Invesco Ltd. now owns 91,912 shares of the business services provider's stock worth $302,000 after buying an additional 4,231 shares in the last quarter. American Century Companies Inc. increased its stake in TeleTech by 13.4% in the 4th quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider's stock worth $182,000 after buying an additional 4,313 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of TeleTech by 24.2% during the fourth quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider's stock valued at $128,000 after purchasing an additional 4,981 shares in the last quarter. 38.03% of the stock is owned by institutional investors.
TeleTech Company Profile
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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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