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.
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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