TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Average PT from Brokerages

TTEC Holdings, Inc. (NASDAQ:TTEC - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.90.

A number of equities research analysts have issued reports on TTEC shares. Guggenheim raised TTEC from a "sell" rating to a "neutral" rating in a research report on Tuesday, October 1st. StockNews.com downgraded shares of TTEC from a "hold" rating to a "sell" rating in a report on Friday, November 15th.

TTEC Stock Down 2.1 %

Shares of NASDAQ:TTEC traded down $0.10 on Thursday, reaching $4.59. The company had a trading volume of 428,506 shares, compared to its average volume of 532,109. The stock has a market capitalization of $219.08 million, a P/E ratio of -0.66, a P/E/G ratio of 3.36 and a beta of 1.05. The stock has a 50-day moving average price of $5.21 and a 200 day moving average price of $5.51. TTEC has a twelve month low of $3.67 and a twelve month 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.

Institutional Investors Weigh In On TTEC

Several hedge funds have recently modified their holdings of TTEC. XTX Topco Ltd bought a new stake in TTEC in the 3rd quarter valued at $59,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of TTEC during the second quarter valued at approximately $72,000. Nisa Investment Advisors LLC raised its stake in shares of TTEC by 280.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider's stock valued at $78,000 after purchasing an additional 9,809 shares in the last quarter. Magnetar Financial LLC bought a new position in TTEC in the second quarter worth $80,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in TTEC by 35,988.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 15,518 shares of the business services provider's stock worth $91,000 after buying an additional 15,475 shares in the last quarter. 38.03% of the stock is owned by institutional investors.

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.