Zacks Investment Research Lowers TeleTech Holdings, Inc. (TTEC) to Hold

Zacks Investment Research lowered shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “TeleTech Holdings, Inc. is a leading provider of eCommerce-enabling customer management solutions for large domestic, foreign and multinational companies. The company’s programs include both automated and human-assisted support and involve all stages of the customer relationship. Programs consist of a variety of customer management and product support activities, such as providing new product information, enrolling customers in client programs, providing 24-hour technical and help desk support and resolving customer complaints. “

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded TeleTech Holdings from a buy rating to a hold rating in a research report on Wednesday, August 23rd. SunTrust Banks, Inc. reiterated a hold rating and set a $43.00 price objective on shares of TeleTech Holdings in a research report on Monday, October 9th.

Shares of TeleTech Holdings (TTEC) opened at $39.90 on Wednesday. The firm has a market capitalization of $1,830.00, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.13 and a quick ratio of 2.13. TeleTech Holdings has a 52-week low of $26.85 and a 52-week high of $43.75.

TeleTech Holdings (NASDAQ:TTEC) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $359.04 million during the quarter, compared to the consensus estimate of $348.94 million. TeleTech Holdings had a return on equity of 19.24% and a net margin of 3.45%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. equities analysts predict that TeleTech Holdings will post 1.75 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in TTEC. State of Alaska Department of Revenue lifted its position in shares of TeleTech Holdings by 78.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,100 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 1,360 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of TeleTech Holdings by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 160 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of TeleTech Holdings during the 2nd quarter valued at $201,000. LMR Partners LLP acquired a new stake in shares of TeleTech Holdings during the 2nd quarter valued at $206,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of TeleTech Holdings by 88.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,880 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 2,759 shares during the last quarter. Institutional investors own 25.72% of the company’s stock.

TeleTech Holdings Company Profile

TeleTech Holdings, Inc (TeleTech) 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).

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