TTEC (NASDAQ:TTEC) Rating Increased to Buy at Wall Street Zen

TTEC (NASDAQ:TTEC - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Separately, Canaccord Genuity Group decreased their price objective on shares of TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research report on Monday, March 3rd.

TTEC Stock Up 3.6%

NASDAQ:TTEC traded up $0.18 on Friday, reaching $5.25. The stock had a trading volume of 182,539 shares, compared to its average volume of 592,488. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The company has a 50-day moving average of $4.44 and a 200 day moving average of $4.23. The stock has a market cap of $251.12 million, a P/E ratio of -0.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. TTEC has a 12-month low of $3.11 and a 12-month high of $8.45.

Hedge Funds Weigh In On TTEC

Hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC lifted its holdings in TTEC by 3.0% in the first quarter. SummerHaven Investment Management LLC now owns 131,506 shares of the business services provider's stock worth $433,000 after acquiring an additional 3,804 shares during the last quarter. Barclays PLC increased its stake in shares of TTEC by 12.2% in the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock valued at $189,000 after purchasing an additional 4,117 shares during the period. Invesco Ltd. increased its stake in shares of TTEC by 4.8% in the first quarter. Invesco Ltd. now owns 91,912 shares of the business services provider's stock valued at $302,000 after purchasing an additional 4,231 shares during the period. American Century Companies Inc. lifted its holdings in TTEC by 13.4% in the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider's stock worth $182,000 after purchasing an additional 4,313 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of TTEC by 24.2% during the fourth quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider's stock valued at $128,000 after acquiring an additional 4,981 shares during the period. Institutional investors and hedge funds own 38.03% of the company's stock.

About TTEC

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.