TTEC Holdings, Inc. (NASDAQ:TTEC) Given Consensus Recommendation of “Hold” by Brokerages

TTEC Holdings, Inc. (NASDAQ:TTEC) has been assigned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.90.

Several equities analysts have recently issued reports on TTEC shares. Guggenheim upgraded TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th.

TTEC Stock Down 0.3 %

Shares of TTEC stock opened at $3.97 on Monday. The business has a fifty day simple moving average of $4.78 and a 200 day simple moving average of $5.23. The stock has a market cap of $189.49 million, a PE ratio of -0.57, a price-to-earnings-growth ratio of 1.60 and a beta of 1.06. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC has a 12 month low of $3.67 and a 12 month high of $22.66.

Institutional Trading of TTEC

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. increased its position in shares of TTEC by 324.2% during the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after acquiring an additional 902,159 shares in the last quarter. Royce & Associates LP increased its holdings in TTEC by 77.6% during the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock worth $4,629,000 after purchasing an additional 344,496 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of TTEC by 227.2% in the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock valued at $3,710,000 after purchasing an additional 438,072 shares during the period. Walleye Capital LLC lifted its holdings in shares of TTEC by 44.3% in the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after purchasing an additional 135,355 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of TTEC by 40.8% during the third quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock worth $1,123,000 after buying an additional 55,407 shares during the period. 38.03% of the stock is currently 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.