TTEC (NASDAQ:TTEC) Upgraded by StockNews.com to Hold Rating

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

TTEC Stock Up 1.1 %

Shares of TTEC stock opened at $3.55 on Friday. TTEC has a 52-week low of $3.37 and a 52-week high of $19.74. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm’s 50 day moving average price is $4.31 and its two-hundred day moving average price is $4.83.

Hedge Funds Weigh In On TTEC

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Manatuck Hill Partners LLC bought a new position in TTEC in the fourth quarter valued at approximately $487,000. Schonfeld Strategic Advisors LLC raised its holdings in shares of TTEC by 33.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 138,440 shares of the business services provider’s stock worth $691,000 after acquiring an additional 35,040 shares during the period. Northern Trust Corp raised its holdings in shares of TTEC by 9.1% during the fourth quarter. Northern Trust Corp now owns 173,403 shares of the business services provider’s stock worth $865,000 after acquiring an additional 14,462 shares during the period. Vazirani Asset Management LLC raised its holdings in shares of TTEC by 93.3% during the fourth quarter. Vazirani Asset Management LLC now owns 50,000 shares of the business services provider’s stock worth $250,000 after acquiring an additional 24,132 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of TTEC during the fourth quarter worth $201,000. 38.03% of the stock is owned by institutional investors.

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.