Brokerages Set TTEC Holdings, Inc. (NASDAQ:TTEC) Price Target at $11.90

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Get Free Report) have received a consensus rating of "Hold" from the six research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.90.

Separately, StockNews.com cut TTEC from a "hold" rating to a "sell" rating in a research report on Friday, November 15th.

TTEC Price Performance

Shares of NASDAQ TTEC traded up $0.01 during mid-day trading on Friday, reaching $3.44. The company had a trading volume of 117,777 shares, compared to its average volume of 276,910. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. TTEC has a one year low of $3.37 and a one year high of $19.74. The firm has a market cap of $163.95 million, a price-to-earnings ratio of -0.49, a PEG ratio of 1.40 and a beta of 1.04. The business's 50-day simple moving average is $4.44 and its 200 day simple moving average is $4.93.

Hedge Funds Weigh In On TTEC

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in TTEC in the 3rd quarter valued at approximately $59,000. GAMMA Investing LLC lifted its stake in TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock valued at $64,000 after purchasing an additional 11,717 shares during the last quarter. Pacific Sun Financial Corp bought a new position in TTEC in the 4th quarter valued at approximately $72,000. Proficio Capital Partners LLC bought a new position in TTEC in the 4th quarter valued at approximately $85,000. Finally, Barclays PLC lifted its stake in TTEC by 119.7% in the 3rd quarter. Barclays PLC now owns 33,654 shares of the business services provider's stock valued at $197,000 after purchasing an additional 18,339 shares during the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

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.