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

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have earned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.90.

A number of analysts have recently weighed in on TTEC shares. Guggenheim raised TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. StockNews.com lowered TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in TTEC in the third quarter valued at approximately $59,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of TTEC in the 2nd quarter valued at $72,000. GAMMA Investing LLC increased its stake in shares of TTEC by 1,054.6% in the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock worth $64,000 after acquiring an additional 11,717 shares during the period. Magnetar Financial LLC purchased a new position in shares of TTEC during the second quarter worth $80,000. Finally, Quantinno Capital Management LP acquired a new position in TTEC during the third quarter valued at $121,000. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

TTEC Trading Down 0.3 %

NASDAQ:TTEC opened at $3.97 on Monday. The stock has a market capitalization of $189.49 million, a price-to-earnings ratio of -0.57, a PEG ratio of 1.60 and a beta of 1.06. TTEC has a 52 week low of $3.67 and a 52 week high of $22.66. 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 has a 50 day moving average of $4.78 and a 200 day moving average of $5.24.

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.