Guggenheim Upgrades TTEC (NASDAQ:TTEC) to Neutral

Guggenheim upgraded shares of TTEC (NASDAQ:TTEC) from a sell rating to a neutral rating in a research note published on Tuesday morning, Marketbeat Ratings reports.

A number of other brokerages have also recently weighed in on TTEC. Northland Securities reduced their price target on shares of TTEC from $19.00 to $16.00 and set an outperform rating on the stock in a research report on Tuesday, August 13th. StockNews.com lowered shares of TTEC from a hold rating to a sell rating in a report on Friday, September 6th. Finally, Canaccord Genuity Group cut their price objective on TTEC from $8.00 to $4.50 and set a hold rating on the stock in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, TTEC currently has a consensus rating of Hold and a consensus target price of $11.90.

TTEC Stock Performance

Shares of TTEC stock opened at $5.89 on Tuesday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $280.11 million, a price-to-earnings ratio of -22.65, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. TTEC has a one year low of $3.67 and a one year high of $26.59. The company has a 50 day moving average price of $5.01 and a 200 day moving average price of $6.63.

TTEC (NASDAQ:TTEC) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The firm had revenue of $534.09 million during the quarter, compared to analyst estimates of $554.67 million. TTEC had a negative net margin of 13.39% and a positive return on equity of 7.38%. Sell-side analysts anticipate that TTEC will post 0.44 EPS for the current year.

Hedge Funds Weigh In On TTEC

A number of institutional investors have recently made changes to their positions in TTEC. PNC Financial Services Group Inc. raised its stake in shares of TTEC by 42.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,323 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in TTEC in the first quarter valued at about $86,000. EntryPoint Capital LLC acquired a new stake in TTEC during the first quarter valued at approximately $88,000. Vanguard Personalized Indexing Management LLC bought a new position in TTEC during the 2nd quarter worth approximately $72,000. Finally, Aristides Capital LLC acquired a new position in shares of TTEC in the 4th quarter worth approximately $271,000. 38.03% of the stock is owned by institutional investors and hedge funds.

TTEC Company Profile

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.