TTEC (NASDAQ:TTEC) Upgraded by StockNews.com to Hold Rating

TTEC (NASDAQ:TTEC - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Wednesday.

TTEC Trading Down 7.4 %

NASDAQ:TTEC traded down $0.27 during midday trading on Wednesday, reaching $3.38. 832,415 shares of the stock traded hands, compared to its average volume of 286,190. The company has a fifty day moving average of $3.99 and a 200 day moving average of $4.62. TTEC has a 12 month low of $3.32 and a 12 month high of $18.11. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market capitalization of $161.32 million, a P/E ratio of -0.48, a PEG ratio of 1.53 and a beta of 1.04.

TTEC (NASDAQ:TTEC - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. The firm had revenue of $567.44 million for the quarter, compared to the consensus estimate of $575.73 million. On average, research analysts predict that TTEC will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in TTEC by 12.2% in the 4th quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock worth $189,000 after purchasing an additional 4,117 shares in the last quarter. American Century Companies Inc. raised its holdings in TTEC by 13.4% in the 4th quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider's stock worth $182,000 after purchasing an additional 4,313 shares in the last quarter. Quantinno Capital Management LP raised its holdings in TTEC by 24.2% in the 4th quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider's stock worth $128,000 after purchasing an additional 4,981 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in TTEC by 20.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider's stock worth $182,000 after purchasing an additional 6,273 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in TTEC by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after purchasing an additional 7,347 shares in the last quarter. 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.