TTEC (NASDAQ:TTEC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.
Separately, Canaccord Genuity Group dropped their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a report on Monday, March 3rd.
Read Our Latest Report on TTEC
TTEC Stock Performance
Shares of TTEC opened at $5.01 on Friday. The stock's 50-day simple moving average is $4.42 and its 200 day simple moving average is $4.23. The stock has a market capitalization of $239.64 million, a price-to-earnings ratio of -0.72, 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 quick ratio of 1.93 and a current ratio of 1.93. TTEC has a 52-week low of $3.11 and a 52-week high of $8.45.
Institutional Trading of TTEC
Several institutional investors and hedge funds have recently modified their holdings of TTEC. Quantbot Technologies LP raised its holdings in shares of TTEC by 140.5% in the 4th 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 in the last quarter. Pacific Sun Financial Corp bought a new position in shares of TTEC during the 4th quarter valued at about $72,000. JPMorgan Chase & Co. increased its position in shares of TTEC by 77.0% during the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after purchasing an additional 7,347 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of TTEC during the 4th quarter valued at about $85,000. Finally, Shay Capital LLC bought a new position in shares of TTEC during the 4th quarter valued at about $86,000. Hedge funds and other institutional investors own 38.03% of the company's stock.
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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