TTEC (NASDAQ:TTEC) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of TTEC (NASDAQ:TTEC) from a hold rating to a sell rating in a report published on Friday.

Several other analysts also recently weighed in on TTEC. Northland Securities cut their price target on TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Canaccord Genuity Group lowered 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. Finally, Guggenheim raised TTEC from a “sell” rating to a “neutral” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.90.

TTEC Trading Down 3.8 %

TTEC opened at $4.56 on Friday. TTEC has a one year low of $3.67 and a one year high of $22.69. The business has a 50 day simple moving average of $5.06 and a two-hundred day simple moving average of $5.82. 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 firm has a market capitalization of $217.64 million, a price-to-earnings ratio of -0.68, a PEG ratio of 3.06 and a beta of 1.05.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TTEC. XTX Topco Ltd purchased a new stake in shares of TTEC in the third quarter valued at approximately $59,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of TTEC in the 2nd quarter valued at $72,000. Nisa Investment Advisors LLC boosted its holdings in TTEC by 280.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 9,809 shares during the last quarter. Magnetar Financial LLC purchased a new stake in TTEC in the second quarter valued at $80,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in TTEC in the first quarter valued at $86,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

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.