TTEC (NASDAQ:TTEC) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of TTEC (NASDAQ:TTEC) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Several other analysts have also issued reports on TTEC. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. Canaccord Genuity Group lowered their target price on TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Finally, Northland Securities dropped their target price on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.90.

TTEC Stock Down 1.0 %

Shares of TTEC stock traded down $0.05 during trading on Friday, hitting $4.74. 674,229 shares of the stock traded hands, compared to its average volume of 548,831. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market cap of $226.24 million, a P/E ratio of -0.68, a price-to-earnings-growth ratio of 3.16 and a beta of 1.05. TTEC has a 52-week low of $3.67 and a 52-week high of $22.69. The stock’s fifty day simple moving average is $5.05 and its 200 day simple moving average is $5.87.

Institutional Trading of TTEC

A number of institutional investors and hedge funds have recently modified their holdings of TTEC. XTX Topco Ltd acquired a new position in shares of TTEC during the third quarter worth approximately $59,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of TTEC in the second quarter valued at approximately $72,000. Nisa Investment Advisors LLC grew its stake in TTEC by 280.3% during the second quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock worth $78,000 after buying an additional 9,809 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of TTEC in the 2nd quarter valued at $80,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in TTEC during the 1st quarter valued at approximately $86,000. 38.03% of the stock is currently owned by institutional investors.

About TTEC

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.