TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.23 and traded as high as $4.96. TeleTech shares last traded at $4.88, with a volume of 273,515 shares traded.
Analyst Ratings Changes
A number of research analysts have recently issued reports on TTEC shares. Canaccord Genuity Group reduced their price target on shares of TeleTech from $4.50 to $3.50 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Wall Street Zen upgraded TeleTech from a "hold" rating to a "buy" rating in a report on Saturday, June 7th.
View Our Latest Analysis on TeleTech
TeleTech Stock Down 1.6%
The business has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $4.23. 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 $229.58 million, a P/E ratio of -0.72, a PEG ratio of 0.35 and a beta of 1.28.
Institutional Trading of TeleTech
Several hedge funds have recently added to or reduced their stakes in TTEC. Quantbot Technologies LP boosted its position in shares of TeleTech by 140.5% in the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after acquiring an additional 7,527 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of TeleTech by 77.0% in the fourth 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 period. Proficio Capital Partners LLC acquired a new stake in TeleTech during the fourth quarter worth approximately $85,000. Shay Capital LLC acquired a new position in TeleTech in the 4th quarter valued at $86,000. Finally, AE Wealth Management LLC lifted its position in shares of TeleTech by 27.1% during the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider's stock valued at $86,000 after acquiring an additional 5,560 shares during the period. 38.03% of the stock is owned by institutional investors and hedge funds.
About TeleTech
(
Get Free Report)
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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