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

Key Points

• Wall Street Zen downgraded TeleTech (NASDAQ:TTEC) from “buy” to “hold”, contributing to a consensus analyst rating of Hold overall.
• The stock fell 11.4% and opened at $2.71; it also trades well below its 200-day moving average of $3.05 and sits near its 52-week low.
• TeleTech reported Q1 earnings of $0.15 per share, missing estimates, while revenue came in slightly above expectations at $496.18 million.

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

Other research analysts have also issued research reports about the stock. Zacks Research upgraded shares of TeleTech from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Weiss Ratings reiterated a "sell (e+)" rating on shares of TeleTech in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, TeleTech presently has a consensus rating of "Hold".

TeleTech Trading Down 11.4%

NASDAQ TTEC opened at $2.71 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 8.02. The firm has a market cap of $131.73 million, a PE ratio of -0.65, a price-to-earnings-growth ratio of 0.42 and a beta of 1.04. The company has a 50 day moving average price of $2.73 and a 200 day moving average price of $3.05. TeleTech has a 52 week low of $1.98 and a 52 week high of $5.60.

TeleTech (NASDAQ:TTEC - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.10). The firm had revenue of $496.18 million for the quarter, compared to the consensus estimate of $493.69 million. TeleTech had a positive return on equity of 13.48% and a negative net margin of 9.60%.TeleTech has set its FY 2026 guidance at 1.060-1.320 EPS. As a group, sell-side analysts forecast that TeleTech will post 0.92 EPS for the current fiscal year.

Institutional Trading of TeleTech

Several large investors have recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new stake in shares of TeleTech in the 3rd quarter valued at $35,000. XTX Topco Ltd purchased a new stake in shares of TeleTech in the 4th quarter valued at $43,000. Quarry LP purchased a new stake in shares of TeleTech in the 3rd quarter valued at $56,000. Jain Global LLC boosted its holdings in shares of TeleTech by 44.1% in the 4th quarter. Jain Global LLC now owns 17,970 shares of the business services provider's stock valued at $65,000 after acquiring an additional 5,498 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of TeleTech in the 3rd quarter valued at $74,000. Hedge funds and other institutional investors own 38.03% of the company's stock.

About TeleTech

TTEC Holdings, Inc NASDAQ: TTEC is a global customer experience technology and services company that designs, builds and delivers transformative solutions for customer acquisition and engagement. Leveraging a combination of digital consulting, technology, analytics and operations services, TTEC helps clients across industries enhance their customer journeys, automate key processes and harness data-driven insights to foster loyalty and drive revenue growth.

The company's core offerings span end-to-end customer engagement solutions, including customer experience (CX) strategy consulting, cloud migration, omni-channel contact center operations and managed services.

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