TTEC (NASDAQ:TTEC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Friday.
Separately, Canaccord Genuity Group cut their price objective on shares of TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a research report on Monday, March 3rd.
Read Our Latest Research Report on TTEC
TTEC Trading Up 1.0%
Shares of NASDAQ:TTEC traded up $0.05 during trading on Friday, hitting $4.87. The company had a trading volume of 109,325 shares, compared to its average volume of 508,840. The stock has a market cap of $232.95 million, a price-to-earnings ratio of -0.70, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The company has a fifty day simple moving average of $4.33 and a two-hundred day simple moving average of $4.22. TTEC has a one year low of $3.11 and a one year high of $8.45.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP lifted its holdings in TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after buying an additional 7,527 shares in the last quarter. Pacific Sun Financial Corp bought a new stake in TTEC during the 4th quarter valued at $72,000. JPMorgan Chase & Co. lifted its holdings in shares of TTEC by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after buying an additional 7,347 shares during the period. Proficio Capital Partners LLC purchased a new stake in TTEC in the fourth quarter worth about $85,000. Finally, Shay Capital LLC bought a new position in shares of TTEC during the 4th quarter worth approximately $86,000. 38.03% of the stock is currently owned by institutional investors.
About TTEC
(
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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