TeleTech (NASDAQ:TTEC) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• TeleTech shares rose above their 200-day moving average, reaching $2.63 before last trading at $2.60, compared with the average of $2.57.
• Analyst sentiment remains cautious: Wall Street Zen and Zacks Research downgraded the stock to “Hold,” Weiss Ratings maintained a “Sell (E+)” rating, and MarketBeat reports an average rating of “Reduce.”
• The company missed quarterly earnings expectations, reporting $0.15 in EPS versus the $0.25 consensus estimate, although revenue of $496.18 million exceeded forecasts. TeleTech also has a negative net margin and high debt-to-equity ratio of 8.74.

TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.57 and traded as high as $2.63. TeleTech shares last traded at $2.60, with a volume of 208,065 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTEC. Wall Street Zen lowered shares of TeleTech from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Zacks Research lowered TeleTech from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of TeleTech in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TeleTech presently has an average rating of "Reduce".

TeleTech Stock Down 1.5%

The stock has a market capitalization of $126.52 million, a P/E ratio of -0.62, a PEG ratio of 0.36 and a beta of 1.03. The company has a debt-to-equity ratio of 8.74, a quick ratio of 2.01 and a current ratio of 2.01. The firm's 50-day simple moving average is $2.26 and its 200 day simple moving average is $2.57.

TeleTech (NASDAQ:TTEC - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.10). TeleTech had a negative net margin of 9.60% and a positive return on equity of 15.66%. The company had revenue of $496.18 million during the quarter, compared to the consensus estimate of $493.69 million. As a group, research analysts expect that TeleTech Holdings, Inc. will post 0.91 EPS for the current year.

Institutional Trading of TeleTech

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in shares of TeleTech in the 3rd quarter valued at about $35,000. XTX Topco Ltd bought a new stake in shares of TeleTech in the 4th quarter valued at about $43,000. Quarry LP bought a new stake in shares of TeleTech in the 3rd quarter valued at about $56,000. Jain Global LLC lifted its stake in 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 purchasing an additional 5,498 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in TeleTech in the 3rd quarter valued at about $74,000. 38.03% of the stock is owned by institutional investors.

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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