TTEC (NASDAQ:TTEC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, January 6th.
A number of other brokerages have also recently issued reports on TTEC. ValuEngine cut TTEC from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks restated a “hold” rating and set a $43.00 price objective on shares of TTEC in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded TTEC from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.00.
TTEC (NASDAQ TTEC) traded up $0.10 during trading hours on Friday, hitting $39.90. The company had a trading volume of 6,123 shares, compared to its average volume of 43,730. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1,854.60, a P/E ratio of 25.28, a P/E/G ratio of 2.00 and a beta of 0.89. TTEC has a twelve month low of $28.20 and a twelve month high of $43.75.
TTEC (NASDAQ:TTEC) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. TTEC had a return on equity of 19.24% and a net margin of 3.45%. The business had revenue of $359.04 million during the quarter, compared to analysts’ expectations of $348.94 million. During the same quarter last year, the company posted $0.39 earnings per share. TTEC’s quarterly revenue was up 14.8% on a year-over-year basis. research analysts anticipate that TTEC will post 1.75 EPS for the current year.
In related news, SVP Steven C. Pollema sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 70.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Stevens Capital Management LP bought a new stake in shares of TTEC in the second quarter worth $201,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of TTEC by 43.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,350 shares of the business services provider’s stock worth $223,000 after acquiring an additional 1,620 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of TTEC by 88.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,880 shares of the business services provider’s stock worth $240,000 after acquiring an additional 2,759 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of TTEC in the 2nd quarter worth about $245,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in TTEC in the 2nd quarter valued at about $263,000. Institutional investors and hedge funds own 24.64% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/31/bidaskclub-downgrades-teletech-ttec-to-strong-sell.html.
TTEC Company Profile
TTEC Holdings, Inc, formerly TeleTech Holdings, Inc, is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
Receive News & Ratings for TTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTEC and related companies with MarketBeat.com's FREE daily email newsletter.