StockNews.com upgraded shares of TTEC (NASDAQ:TTEC – Get Rating) from a hold rating to a buy rating in a research note released on Tuesday.
Several other equities analysts have also issued reports on TTEC. Cowen decreased their price objective on TTEC to $44.00 in a research report on Wednesday, November 16th. Barrington Research reduced their price target on TTEC from $73.00 to $59.00 and set an outperform rating for the company in a research report on Friday, November 11th. Craig Hallum reduced their price target on TTEC to $60.00 in a research report on Wednesday, November 16th. Morgan Stanley reduced their price target on TTEC from $50.00 to $40.00 and set an underweight rating for the company in a research report on Friday, November 11th. Finally, Bank of America downgraded TTEC from a buy rating to a neutral rating and reduced their price target for the stock from $68.00 to $48.00 in a research report on Monday, October 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $58.50.
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TTEC Price Performance
Shares of TTEC opened at $47.91 on Tuesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a 50 day simple moving average of $45.45 and a 200 day simple moving average of $52.27. TTEC has a 52-week low of $39.50 and a 52-week high of $91.01. The firm has a market capitalization of $2.26 billion, a PE ratio of 20.65, a P/E/G ratio of 1.10 and a beta of 0.98.
TTEC (NASDAQ:TTEC – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.10. TTEC had a return on equity of 27.79% and a net
margin of 4.56%. The business had revenue of $592.45 million during the quarter, compared to analyst estimates of $580.16 million. Sell-side analysts predict that TTEC will post 3.25 EPS for the current fiscal year.
Institutional Investors Weigh In On TTEC
A number of large investors have recently added to or reduced their stakes in TTEC. Public Employees Retirement System of Ohio raised its stake in TTEC by 61.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 576 shares of the business services provider's stock valued at $26,000 after acquiring an additional 219 shares during the period. UBS Group AG raised its stake in TTEC by 702.6% in the 3rd quarter. UBS Group AG now owns 626 shares of the business services provider's stock valued at $28,000 after acquiring an additional 548 shares during the period. Point72 Hong Kong Ltd bought a new stake in TTEC in the 3rd quarter valued at $32,000. C M Bidwell & Associates Ltd. bought a new stake in TTEC in the 2nd quarter valued at $72,000. Finally, Lazard Asset Management LLC raised its stake in TTEC by 102.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,277 shares of the business services provider's stock valued at $86,000 after acquiring an additional 645 shares during the period. Institutional investors own 36.93% of the company's stock.
TTEC Company Profile
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TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.
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