Weiss Ratings Reiterates Sell (E+) Rating for TeleTech (NASDAQ:TTEC)

Key Points

• Weiss Ratings has reiterated a "sell (E+)" rating for TeleTech (NASDAQ:TTEC), indicating ongoing concerns about the company's stock performance.
• Despite Weiss Ratings' negative outlook, other analysts have given mixed reviews; for instance, Zacks Research upgraded TeleTech to a "hold" rating while Wall Street Zen elevated it to a "buy" rating.
• TeleTech's stock is currently trading at $3.58 with a market capitalization of approximately $173.49 million, reflecting a significant downturn from its 52-week high of $5.86.

TeleTech (NASDAQ:TTEC - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other research firms also recently commented on TTEC. Zacks Research upgraded shares of TeleTech to a "hold" rating in a research note on Friday, August 8th. Barrington Research restated a "market perform" rating on shares of TeleTech in a research note on Monday, August 18th. Finally, Wall Street Zen upgraded TeleTech from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, TeleTech has a consensus rating of "Reduce" and a consensus price target of $3.50.

TeleTech Stock Performance

Shares of TTEC stock traded up $0.01 on Friday, hitting $3.58. The company's stock had a trading volume of 94,053 shares, compared to its average volume of 277,484. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.77 and a current ratio of 1.77. The stock's 50 day moving average is $3.63 and its 200-day moving average is $4.26. TeleTech has a fifty-two week low of $2.67 and a fifty-two week high of $5.86. The company has a market capitalization of $173.49 million, a PE ratio of -6.63, a PEG ratio of 0.38 and a beta of 1.18.

Hedge Funds Weigh In On TeleTech

A number of institutional investors and hedge funds have recently bought and sold shares of TTEC. Federated Hermes Inc. increased its holdings in TeleTech by 79.3% in the 1st quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider's stock worth $6,719,000 after purchasing an additional 903,090 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in TeleTech by 239.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider's stock worth $2,077,000 after purchasing an additional 445,440 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in TeleTech in the 2nd quarter worth about $1,491,000. Allspring Global Investments Holdings LLC acquired a new position in TeleTech in the 2nd quarter worth about $1,130,000. Finally, Paradigm Capital Management Inc. NY acquired a new position in TeleTech in the 1st quarter worth about $658,000. Institutional investors and hedge funds own 38.03% of the company's stock.

About TeleTech

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.